I think we will go with gas since we will have to live there for at least a year or so, and the tenant we are attracting is a long term, large family or group as this is a 4bed/1.5bath where I imagine they would cook more.

I have been doing this for a little bit and I get some good prices on stuff that you can't even imagine what I am getting for. 

Yep ... the fact that it is very niche, requires specific knowledge that not everyone has to spot things that nobody else even knows how to look for, and capital intensive is the very reason I'd imagine it works so well ... sounds like it would be the type of strategy right up my alley, actually ... would love to chat with you about that more offline if you're up for it Jay, or online is fine too, but may be straying a bit from the OPs original topic at that point.

I can only imagine the amount of carpet baggers who will flock in for this. 

I can't imagine how up and coming real estate investors even managed before BP lol.  

Another thought that I have is the same way residential investors hire property managers I imagine he can do the same.  

I can only imagine the emotional state of the people that are going through this...... even the people that didn't get flooded are dealing with a lot..... do I still have a job?

You can't imagine how many customers get upset over this. 

Take photos of interior to document she's out and condition...Good luck on your project,, it's hard to imagine what everyone down there is having to deal with.

I would imagine it ranges from 60 - 120 days for most fix and flips in most markets.