@Matthew KostelicIt is your responsibility to check the property taxes.It is your responsibility to research what the property taxes will be, what insurance will be. it is your responsibility to determine from the home inspection report what will need to be repaired in the near future and what repairs can wait.

How does someone determine what area should they start flipping in?

If you go the partner route, you will need to determine what value you are bringing to the table to attract a partner.

Any ideas on how to determine our price?

I think market to them in general and then with the ones that are willing to sell, determine if they would be a good candidate for a sub2 deal.

And how is that determined? 

Does FHA/ HUD determine the number is 5?

they just suck these people in.. these are usually first time borrowers that are used to doing everything over the internet I mean they send money to amazon before the goods show up right.. 

Once you determine what your maximum entitlement is (I.e. $400k), you can use the VA loan to purchase 1 or more properties so long as you are under your maximum benefit.I have two VA loans for SFH rental properties that I lived in for at least a year.

Once on the internet always on the internet.