So what you'll want to pay attention to is the total upfront costs and how that impacts your interest rate - I'd encourage you if your lender hasn't already to do a break-even calculation to determine based on your hold and strategy how much costs yield you a positive ROI. 

Probably not even close.  

In one case, we had contingency, and we weren't even the top offer, although very close.

Additionally it seems that even if the event is declared a Federal Diasater, FEMA would offer little if any assistance for Earth quake events.

We’re more than just a property management company—we’re your trusted real estate partners.I’m originally from Chicago and a big Chicago sports fan (even though the last few years have been rough for us).

Be sure to explore all around the forums as well as many of the FREE tools that Bigger Pockets provides.I am on the lending side of things and am always happy to hop on a call to discuss loan options that are out there, even if not offered by my resources.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Be sure to explore all around the forums as well as many of the FREE tools that Bigger Pockets provides.I am on the lending side of things and am always happy to hop on a call to discuss loan options that are out there, even if not offered by my resources.

You could do General Contracting where you'd need knowledge of all trades or manage a team of one single trade. 

Even if you made $200k and your rotating debt is $150k annually, it wont get you qualified.