The very cheapest way to go is for you to wash the interior of the house. 1) Washing from the celing to the floor, including everything ( such as lighting fixture covers, the surface area above the cabinets, etc) is extremely time consuming and not easy.

that would be an extremely powerful way to get started in a new market. 

You can still find turnkey deals that make sense but you'll need to act quickly because those deals get locked up extremely quickly. 

(If you would like to track market expectations of rate changes, the FedWatch tool from the CME Group is extremely useful.)However, yields and mortgage rates can be greatly changed by Federal Reserve actions—the real drivers are the policy press releases and press conferences (typically scheduled for the early afternoon, a couple of hours after the publication of the decision).

Also, it's extremely unlikely that the occupants are caught up on their bills because their house was just foreclosed on.

I know these are extremes but those of us that have been in the business for some time all have our own stories to tell.Best of luck 

@Timothy Rogers I just read all of your advice and you made things extremely clear.

I have also read that having a sizable emergency fund is vital, as well.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

After inspection we ask seller to fix few vital items like the heat wasn't working.