Andy, please take this with a grain of salt.

Food is always an important thing when I am looking to travel to a new place so  that played a part in the decision making as well. 

But basically, take what I say with a grain of salt. :)Depending on where you move in VA you may struggle finding a move in ready MF property for that price so you may either need to put some of your own capital in there (if that is an option) or do something like an FHA 203k loan to start.

@Kelly Ellis,I am not a flipper and still consider myself a newbie so take this a with a grain of salt.Have you considered house hacking?

My wife and I feel electric is more dangerous because the surface could be hot long after you turn it off and you are more likely to burn food because you cannot control the temperature as well.We see valid points on both sides of the argument so would like to know what you all have in your rentals and for what reasons?

@Sasan Nemabakhsh...Feel free to take what I'm going to respond with a grain of salt, and while not exactly the same, I've worked on some hospitality construction financing, and the lender I've placed with has appetite for ALF construction.I don't know about construction cap, but end should be running at a 8ish, on ALF, from my knowledge.You should definitely get a 3rd party feasibility study done to determine the answer to the question of market due diligence.  

I am very lucky because I have zero debt and no bills other than phone and food since I decided to get rid of my car I have no expenses now.

There is a Whole Foods in the area, that says something.

All 3 units are 2/1 designs with new stainless appliances, granite counters, wood grain tile floors, nice lighting, and all have nice private outdoor yards, and plenty of parking.  

Take it all with a grain of salt.