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I am 29, single, employed, have ample savings, a full VA loan, and am pre approved for 550k, and looking within an hour of the dc metro area, ideally Harford county MD due to the good schools and military bases near by. 

I agree, it is a great option for people like me with a little baby portfolio.What's next (right now): we are currently working on flips.

A lot of those older houses have corroded cast iron or galvanized pipes.Asbestos - This was use in many house products all the way back to the 30s.Lead-based paint - This was used up until 1977.  

Many options only require a soft credit pull, and depending on factors like location, experience, and credit score, lenders can offer leverage of 85-90% of the purchase price plus 100% of the rehab funds.

Evaluate your options as a STR.

Take your time to thoroughly analyze properties, understand your financing options, and build a solid team of professionals around you.

My conviction for doing out of state fix/flips was mainly procured by the desire to have more options and opportunities available rather than having to be tied a more trying California market.

It gives you a broad base to work from and a substantial range of knowledge when making connections.

We live, and the property is located, in NJ, which based on my research is not a community property state.