I have found some information that might be helpful John.There are government backed programs like Fannie Mae Homestyle Renovation Loan and Freddie Mac Home Possible Renovation Loan, in addition to the FHA 203k loan. 

The local/ state etc (governing body) may not just "give you" one.

University federal credit union 

Looks like Paramount is under Federal investigation for having failed to make agreed payments. 

The only way to make money in bad neighborhood through LTR is either getting the government benefit or running it as a slumlord.

No telling what a desperate, bankrupt government will do.  

If you have a taxable income of $50K and convert $60K to Roth, which adds to your taxable income, making your total taxable income $110K, how do you pay zero in federal taxes?

Moreover, local governments may offer new incentives to developers to keep interest alive during this pause, such as tax abatements or infrastructure investments.ConclusionWhile the BlueOval City delay has caused uncertainty, it hasn’t changed the long-term outlook for the region’s real estate.

SupplyLas Vegas is unique because it is a tiny island of privately owned land in an ocean of federal land.

They're already being sued and investigated by the government.