So often, I see beginners make the mistake of thinking they will DIY and save money when the reality is, they waste more time which increases costs and they do not donate same quality a professional can do.

Hardwood prices + installation will vary, but will be at least double that if you're buying a higher quality product.As far as concrete cost, we're polishing the existing foundation, so there is no additional cost.

In other words, I'd buy better quality homes using the 3 mortgages because you want to maximize the loan with rates being so low.

I do realize this will come down to tenant quality which will be the managers responsibility.  

In Killeen, most of the fourplexes in what I consider the quality fourplex areas are listed between $180,000 - $200,000.And yes, a VA foreclosure is essentially no different than any other kind of foreclosure. 

Hopefully after attending a few REIA meeting, I will find a good quality investor that will allow me to help with a project or two.

Price point will likely be lower here for similar quality/neighborhood houses so just something to keep in mind if that plays into your situation at all.Good luck on finding your next property!

What I can tell you is overall it is a solid market both by characteristics that are important to me in evaluating markets (strong economic growith / momentum for the city, diversity of business, high amount of renters, low property taxes compared to purchase price, solid neighborhoods with tenant quality etc) as well as it is a market that I believe over time the long term will have small but steady price appreciation.  

I have seen it posted here and it's worth repeating: If you find good, quality, off-market deals, you will have no problem finding a buyer.

Just depends on the location and quality of tenants you'll be dealing with.