Keep plugging, if you don't look for an angle to make $ in REI, then you are just a customer.

"vacancy rate is like 20%-30% in average for that area because it's rural and has lots of rental properties;"Unless you've got a strategy/angle that very clearly separates you from the market, and all but guarantees a significantly lower vacancy rate over time, the answer is definitely no on this one given the vacancy you cite.

How many owners vs. renters/investors occupy these units community-wide?

I work for eXp realty awesome company agent owned brokerage, you get stock shares for capping folks Revenue share if you you are building a team its like kw x10 the major players from KW are moving over in Droves nation wide collaboration with other agents in the company contact me for more details  

This must be 9 sq ft in area and 36" wide as a minimum. 

I work with a wide variety of lenders from conventional to private.

I'm in Virginia and the paper is the "Virginian-Pilot", a widely distributed newpaper.

We knew the local market rent was in line with the BAH or OHA for that area, and we perceived that while there would be one base Commander, there was a wide tier of E-4 to E-5s, and to a lesser extend O-1 to O-3s. 

I've expanded my searches far and wide, from door knocking to probate.

It covers all angles.