Much of what I read these days is US based, and is a little more difficult to relate to.

@Reese C. this would be difficult to say.  

I have also learned that vacation destinations do best but prices are so high now in these markets that its much more difficult to make a reasonable profit.

Its difficult for anyone to answer this question for you, but I think the question to ask is what is your goal? 

This model is difficult to make work, hard to obtain LOC on rental properties, and hard to re-appraise for high enough to allow such large LOC's to buy another property (it could be a few loc's from a few of these properties).Does this plan make sense to anyone? 

But how difficult is it trying to syndicate in a new area (with housing shortage) vs a VERY low COL one you already know?

If you find one who would do this, please let me know.2) No idea, I'm sure a lender in NY would know3) No experience with this but sounds expensive and difficult.

@Joseph ChilcoatBuilding is very difficult, building for your first time is very difficult, building a 4 unit for your first investment property ever is even more difficult.Why not just use your VA loan to buy a 4 unit that needs some light cosmetic work and just learn the rehab process in more gradual steps there instead of risking it on the new build?

@Trent Lee this is such a difficult topic as real estate is always so local.

Pre-foreclosures are difficult and lots of work, IMO.