I would be more concerned about the brother in law potentially moving out mid-lease and leaving the couple.

Quote from @Atif Khan: Hi, new here. i just finished building my first spec homes out in granbury tx and was looking to buy a few more lots around dfw metroplex.

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Less logging and more Redwoods etc etc..

Make sure you’re working with a lender who has experience with 203(k) loans and a contractor who understands the program’s requirements.2.Loan Process Can Be Slow – Unlike a standard mortgage, the lender will be heavily involved in the renovation funds, which means more paperwork and potential delays.3.Strict Repair Guidelines – The work has to improve the home’s safety and livability, so luxury upgrades usually don’t qualify.4.Living Through Renovations – If you go with a Limited 203(k) (up to $35K in repairs), it’s usually manageable, but for a Standard 203(k), major work might require you to live elsewhere for a bit.It’s a solid strategy, just make sure you’re working with the right lender and contractor so things go smoothly.

"Boots on the Ground" is much more valuable to you as a first time investor than looking at demographic data.

Made money and learned a lot.

A good friend of mine vacations in that area a lot, but I've never been there.

Quote from @Warren Peasley: Thanks a lot for your message. 

I grew up in North Florida so I have a lot of family, friends and business contacts in that area.