I'm currently transitioning back into the civilian world from the Air Force.

Usually, critical repairs need to be done promptly while other not so needed can wait; depends on how inhabitable the repairs needed continue to compound. 

To attempt to bring this together...let's say a kitchen fire happens and makes the house inhabitable.

My residents are nurses, teachers (I have one PhD resident), and both military and civilian employees of the local base.Account Closed, I moved to Dayton in April if 2017.

If you can rent it for $575/month, and depending on your loan, loan costs and term of loan (and cost to make it inhabitable).

You say it’s up to code but is it inhabitable

Garbage, for example, can just be split evenly whereas water will depend on number of inhabitants. 

I am looking to transition out of the military and into the civilian world and I am very interested in future opportunities with Real Estate Investing. 

More importantly on the renovation loans and I do a lots of them is that you can roll in up to 6 months of the mortgage payments during the renovation of property is not inhabitable, so technically is owner occupied but you can’t live in it during the repairs.

@Jacob Brattainif the lot rents are that low then that is a reflection of the quality of tenants inhabiting that park.