There is also an ad on small "house" which is also being rented.

I'm a local, CT based investor, flipper, and property management company owner.  

My friend is selling his house and is open to an assumable mortgage.

I have a lake house near a University.

@Jason Sinclair, having a designer for a wife, I would answer that it really depends heavily on each house, the flow and usability of the spaces as they are, and the overall use of space in the house as a whole.That being said, while there may be a small shift towards more separated spaces, "open concept" is by no means dead, and in many markets, most people seem to still want to have connectivity between their communal spaces.In fact, my wife's current flip is a split level (although technically it is a split-foyer), and she is taking out a structural wall to connect the kitchen, dining and living areas.  

Hello @Fulati,With that budget, I would look for houses in East Memphis, Cordova, or Bartlett.

Things like this are why it's important to work with a professional who is well versed in real estate taxation because the "common/simple" strategies taught frequently like BRRR or house hacking actually get fairly complicated when it comes to handling it correctly. 

In Boulder is more like 300 but in the upper end you might rent a house for $5K a month that is worth 3M.  3M/5K= 600 GRM which is of course a terrible investment.  

I have a property that I could sell for somewhere around 400 K with owner financing.

Is there no one else of your religion in the area looking for housing?