But get them and the family staying in the home both on the lease since the insurance is paying the rent, but the family is usually responsible for the deposit.

Cause any great deal you find in those channels, be certain dozens of other investors are also stumbling upon it, but that's what I would do if I wanted to stay in the home market and had that type of capital.Or, find a market where you can get into a house for 90k - 110k and then you're in a market where you make need 30k - 40k in capital to see it through to the exit.

I think it can be profitable for seasoned real estate investors who have both the time and expertise to make sure their rehab project stays on budget, but I definitely wouldn’t recommend biting off more you can chew and doing BRRRR for your first deal.

if not, i'd stay local. 

Being deeply involved in the local real estate market, I stay connected with wholesalers, realtors, and local investors who often share opportunities.

Should I stay within my Budget or pay more for potential earnings?

Find off-market deals, run conservative numbers, stick to one market first, network with local REI groups, and stay patient.

See my software guide below.Here's a detailed guide on how to screen applicants: Application Screening GuideMy Landlord forms package includes a septic addendum, or you can try finding one online with a Google search.Anything else I can help with?

Quote from @Rich Davis: Read the HUD guide.

Additionally, Lenders can assist with a rapid rescore, working with credit agencies to guide you on which cards to pay down to boost your score.