My second goal is to create an income stream that will surpass my previous employments, which will allow me to stay home with my kids and keep a flexible work schedule.

I would look at townhome condos in A and B class cities with very strong employment markets, and good schools.   

None of my properties flooded, but schools are closed and a lot of employers are keeping their employees home all week.

Paul, since you're in Shawnee, what kind of employer mix do you guys have there?

@Harris L. since you are self employed you will need to verify business and personal tax returns

No money down doesn't bother me at all its the employment and being able to make the payment.

Employers will never tell you about it of course so not too many people know about it.

The recession hit, employment dried up and the house was upside down and we ended up stuck where we were.

From what I've heard, you're better off paying out dividends which are subject to capital gains tax as opposed to pulling a salary that is subject to employment and income tax.

If I were a resident I would like the somewhat isolated location of the town but it seems far from many major employers, that is unless your tenant works at one of the many warehouses nearby.