Experienced buyers of lower and mid priced properties may be used to seeing an assignment fee in the $5-7k range, maybe $10k. 

Respectfully, please consider the title of this post, "Can you cash flow an abandoned, underwater, rejected short sale?".

How is the market in what respect?

My goal is a 4 plex live in 1 rent the other 3. my price range is around 250k I plan on doing an FHA loan and was told that dp + closing costs  would be around 10k.

Many passive RE investors, hard money lenders, and note buyers seem to be happy with low double digit rates of return, thinking that, relative to stocks, bonds, mutual funds and annuities, mid-teens is a respectable yield.  

I own two rentals in Stockton, and I think you will have a hard time finding tenants in that price range.

I have tremendous respect for our military brothers and sisters (and mothers and fathers and grandparents). :)Best of luck to you with everything.

Land prices range from $2-12 per square foot here.

I was looking at homes in both Milwaukee and Madison WI to see how the market is there and I am finding multi family homes ranging from $4,000 to $100,000 in Milwaukee and $100,000 to $200,000 in Madison.  

Most of the conventional methods of rental shopping yielded nothing in my price range.