Most building codes by nature will not approve a home that small, most have minimum square foot requirements.

Everything is talking about the regular "get a mortgage buy a house wait for market to drop wait for rates to go down" which is totally fine and normal (and mostly how I make money as a realtor) but there are way more ways to buy than just that route!!

Is this normal for this type of loan?

Conservatively estimating new construction costs as $300/sq foot, the new duplexes could cost about $600,000 each to build (plus interest costs).

That's not going to stop me, I'm currently building a team over in Birmingham to get my portfolio started, but I wanted to get some advice about how the out of state buying process normally works.

Weekends brings in people visiting family or going to a foot ball game and week nights is mostly contractors or other blue collar groups needing a place for the week that is nice but cheaper than a hotel.

There is still very high demand in many markets with rates coming down and lower than normal inventory..

Normally when someone makes their first post and says they found a deal, it's not a deal.

How long after the disaster will the value and marketability come back to normal?

They are properties circulated to long lists of unsophisticated buyers and if you are the highest offer you’ve likely outbid a bunch of prospective buyers who underestimated their improvement costs or overestimated their ARV while most likely  proceeding without the ability to perform normal transaction diligence.