Any obstacles?

You don’t know-your VA might work with a cat in her lap.6.To compute your pay offer, double the time YOU would take (or at least time and one-half.) 7.I use an average of $4/hour, as prevailing wage rate.

I probably have not helped  but I presume some of the big hitters from the area will pipe in here. 

Now lets factor in time on the phone with prospects, time replying to emails, time doing paperwork to process applications; and lets say I will spend another 15 hours placing a tenant in here when its all said and done.

Whats your major obstacle, or problem to implementing your bright idea?

You could technically jump from house to house if you would like to fix it up some but you must show it's your primary residence and not an investment and you will accumulate more wealth this way on a yield standpoint.I thought I should jump in here an clarify the points made above. 

There's some real nuggets in here:  http://www.biggerpockets.com/forums/93/topics/54108-buyer-s-list-how-to-Don’t forget to set up your keyword alerts so you’ll be notified when a forum post mentions something you’re interested in:http://www.biggerpockets.com/alertsCheck out this page to find BP members near you:http://www.biggerpockets.com/meetBest of luck!

@George Wines, I'll chime in here, but @Mike Wood and NA Beard are right on.As a former city planner in the Front Range, I can think of several legal issues preventing you from condominiumizing a duplex.  

Does everyone in here return every call?  

From a local bank's last annual report summary: In general, construction and land lending involves additional risks because of the inherent difficulty in estimating a property’s value both before and at completion of the project.