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.

We will rehab the property to it’s peak condition using quality materials bought @ huge discount thru established relationships with various vendors.

Personally, I choose to not accept Section 8 due to the quality of tenant and the regulation and complexity of the contracts. 

And yes the largest house in the neighborhood, often a problem, I understand the extra footage is cheap but square foot pricing ignores the lot and quality of the construction basically and for that reason I like to basically ignore it because it is not truly accurate.