You will have to get your own policy evaluation done by an industry professional. 

I receive many leads monthly that are all over the US - we have been investing for many years -recently with the abundant of leads- we found that we can't keep up with them--I have had great success using my control and roll system here in Maryland (assigning over 200 transactions a year) and other close by states, where it is not so hard to view the property and sell it using our auction method of sales (marketing), our problem - it is hard to evaluate the comps and get good local and true opinion of value.The other situation is that they are calling me to BUY their property - and when the full disclosure say I am going to market the building and take an assignment fee - it just does not ring well with the seller - they want a sale - they want their cash equity and they want it now.Sure the VA can be trained to get the required information (that's the easy part of this deal) - but can they get you true and accurate comparable sales and an estimate of value for a quick sale, can they negotiate price and talk to agents and auctioneers. 

Just evaluate the risk, and if the reward is worth the risk you should go for it. 

Those are questions I want answered when evaluating an application. 

If you learn how to evaluate leads, estimate rehab costs, and negotiate with sellers, you can make deals.

It's a flip near Ann Arbor about 35 min from Detroit.I also have another project that is on the home stretch of completion and it's 1 min from Detroit.My team and I will be evaluating our approach for rehab for the property near Ann Arbor.

But it goes to show you this definitely NOT risk free.If you are going to play you really want to diversify your risk, either by doing a dozen or so deals and/or partipacting in a fund which gives you exposure to several properties.I'm going into my third year doing this and been pleased, that being said i only has maybe 2 exits and the rest is still in progress but I am getting my monthly/quarterly checks so that's nice!

I am working a full time job while beginning my investing career and I have to get a masters degree to progress in my current job.

Look into how investors evaluate a property then reverse that to come up with your sale price. 

@Ben Ballinger I think that first you need to evaluate if it's even possible. as @Deanna McCormick pointed out, Washers/Dryers in the units require special hookups (electricity, plumbing, venting, sometimes gas) this could cost you a lot of money to create these or to maintain them if the property is not setup for this.Personally, I like the in-unit because it allows you to charge rent for the machines and it frees up your basement to generate more income by creating another unit or rentable storage units or you could create a shared space that will increase the attractiveness of your units (maybe a library, a game room, fitness room etc