Not too shabby for taking a bet on a pile of dirt for only $60,000ish down!  

@Shu Matsuo PostSince you're a long distance investor, your best bet is to start building the relationships online and via phone with brokers, property managers, insurance agents, RE attorneys, and basically everyone you will need as a part of your team.

Newark and the surrounding area might be your best bet in that price range. 

I bet you could pay a good one $200 to teach you their methods via screen share.Caveat, making market research easy will involve the cost of subscribing to a big data service...

Your best bet is to find a flipper and try to work for them or help their business in some capacity (other than working full time, which I know is tough in college).

Selling is your best bet as mentioned

I have never dealt with VA mortgages, but I would bet a lot of money that there is a clause prohibiting junior liens or deed transfers without the loan being paid off.

A desirable market where you can live in your investment is a pretty safe bet. 

I'd consider outside that but not knowing the state as well as I plan to eventually I figure it's a safer bet to get this first deal closer to a metro area. 

@Ismael Jimenez wow; I think your best bet is to dispute the appraisal and show that your building is most comparable to #5.