I took on the challenge and repaired them both myself.Many people have told me that real estate isn’t worth the hassle, especially when starting out.

The challenge with using a paid option is expecting one person to have all the knowledge you need to succeed unless that person is giving you access to their board. 

Wait...it's not natural for an animal to wear a collar, but it's natural to spray the yard with a pesticide?

I'm facing the same challenge right now on a property in Anchorage.

Challenges?

Once it's filed it will be very challenging to find a lender that will do it.

And they will be scrappy by nature and certainly don't have that kind of downpayment laying around.Second, obviously is price.

I’m curious to hear from other investors who have ventured into flooded properties such as what challenges did you face, particularly with insurance and permitting?

Then when you have some sort of portfolio and your face and name goes around, you naturally will attract people who will want to work with you.

The minimum down payment for a property in this price range would be roughly $27K.That said, you also need to account for bank closing costs, inspection costs, appraisal, attorney fee, and title costs.Your scenario may require a seller's concession to account for these additional expenses.Investing with $50K is totally possible in this market but your journey may be met by challenges i.e.