Not sure where to start with my search and a good process to follow to make sure I am diligent and successful with the investment.

Some real quick items here:VA Loans are for Primary HomesYou can use VA Loans for 1-4 unit properties (House Hacking)VA Loans have 0% downpayment (most of the time)You can have more than 1 VA loan (some people don't know that)VA Loans do carry a "funding fee" which is like a little "tax" to write the loan, but it is waived if you are a disabled veteran.VA Loans do not have PMI (and that's a huge benefit for us)VA Loans also have a very streamlined refinance feature (called a VA IRRRRL) which makes it super easy to refinance if rates were to fall (hopefully that will occur in the future)VA Loans can also be used by a surviving spouse.The VA may not give us the best health benefits but they can certainly get us into debt!

Really great intrest rates, 0% down payment, no PMI insurance, no appraisal, no inspections. 

However, this seems like an inadequate amount if costs rise for Future Value with a 3% inflation rate.

The interest rates are too high to support this unless one of those local markets has a little extra inventory.

They also told me that their eviction rate or vacancy rate (can’t remember which one) is the lowest in the nation.

It exemplifies the visionary thinking and risk-taking spirit that characterizes successful real estate investing — the ability to recognize the potential of undeveloped or underutilized assets and transform them into valuable and productive resources.Today, the legacy of the Louisiana Purchase endures, serving as a testament to the transformative power of strategic investment and forward-thinking decision-making.

Those that are likely successful have a lot of prior investing experience. 

The property itself is worth about 130K -140K currently so I will be 1031 exchanging next year when rates come down to a newer property.

I imagine there are a lot of 3/2 that probably sleep 8-10 and if you can offer a slightly larger bed count and a cool game room/theme room you can differentiate yourself a bit from your competition and get some extra revenue through slightly higher rate (extra person fees, etc) as well as an overall higher occupancy.