It was a fairly nice house, somewhat dated but in good condition. 

For a tenant to receive a reduction, the landlord must have actual or constructive notice of the existence of the defective condition."

But who knows, politicians are even less predictable than Texas weather. 

We are excited to be in the Lowcountry and can't wait to experience nice weather year around.I have recently retired from my previous job and am thinking about getting into Real Estate full time.

I won't be cashflowing either way (whether I put 0 or 20% down) because of the market conditions, so that's not really what I'm going for (although it would be nice).

You should verify this with official HUD documentation or through a HUD-approved lender.Term Until 2051:The mention of the loan term extending to 2051 or until the property is sold or refinanced suggests these could be loans with a long-term structure or special conditions.

Depending on condition 2 bed 1 bath units are renting for around $750-$800.

I’ve never considered cash for keys as an option, and don’t recommend it but if there is a situation where someone were to do it for whatever reason, just be sure to withhold that payment until the tenant is completely out, property is fully inspected and found to be in acceptable condition and locks are changed. 

but... in my experience, you will be in a stronger position if you build a network of humans by going to real estate meetups and really learning a market.for example - here in Pittsburgh we have a lot of old houses that need big rehabs. and the best software / AI in the world can't help me, because it doesn't know the conditions of the interior, the sewer line, etc. for most of them. 

I treat them great and keep the properties in great condition in the hopes they stay there forever.