These last two comments mirror my thoughts.  

I did some digging and am comfortable with the water issue, but I find it amazing what banks/HUD will do.My last HUD house they flooded it two days before my closing.

My family and I have been there the last few years and love that area.

We walked away from a new build last fall because we could already see issues and the sellers ended up getting us a pre-inspection report that said there were serious issues with drainage and foundation.

The US average is 6.0%.Binghamton has seen the job market decrease by -0.3% over the last year.

Over the last three weeks I've read 7 of the real estate books and spent hours listening to biggerpockets podcasts trying to learn as much as a I can and narrow down my focus.

The city has been undergoing massive revitalization over the last 10+ years, has seen its first population uptick in nearly 70 years, and prices have doubled in the last 5 years.A lot of folks are finally starting to understand there's a lot of interesting growth happening in Detroit.

The median MF sold for 380K over the last twelve months.  

The market has changed a lot over the last 10 years, it went from a cash flow play to an equity play.

Just to confirm, for an owner-occupied home (one you live in) you have to live in the property for 2 out of the last 5 years in order to claim the $500k exception for married couples.