With reduced supply this could have a positive affect on rental revenue this upcoming winter season for short-term rental owners of homes that were not negatively impacted by the storm.

What're some positive and negative stories you guys have of using little to no money to purchase property? 

Not sure what you're financing position/plan is, but make sure that you speak with your lender regarding if there are any issues financing the acquisition of an STR in North Conway, NH in the event that the property appraises as "rural."

I applaud you for being willing to give up on some confort for getting into a stronger financial position and to be able to reach your long term goals. 

Ask how they handle routine maintenance and emergencies and whether they have established relationships with cost-effective and reliable vendors.By focusing on these critical factors, you’ll be in a solid position to hire a property manager who can take the stress out of managing your rental property while helping you maximize your investment.If anyone has more specific questions, feel free to ask—I am happy to share more detailed advice!

I'm in the exact same position, interested in hearing the responses to this post!

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Quote from @Bruce Woodruff: Beyond the very real possibilty that some overall good may come of programs such as the 'Down-payment assistance program'...there still lies at least a couple of flaws, conceptually and very real...1) The Gov't (we) are forcing people who cannot afford to even think about buying a home to subsidize those who are in a more fortunate position.

Primary targets are located in cities (100k+) with positive population growth over the past five years; possessing easily identifiable macroeconomics. 

A 1920s home with new plumbing, updated electric, and a new furnace might be in a better position than something from the 1990s.