County has assessed for 200k but would be worth more due to the area they are building homes left and right on that road and they are selling 300k+ and up.

I'm extra cautious when analyzing a deal like this, but a lot of them end up being great.For interest-only financing, negotiating some principal paydown is a good idea.

But, yes, it sounds like simply looking at your numbers and determining whether or not you can absorb a salary is the time to consider it. 

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If you move your expectations to keeping some money in, but refinancing out as much as you can then you'll be set up to not be let down from the jump.

Loan Programs: Conventional loans (>$7.5M), small balance loans (<$7.5M), lease up / near-stabilization loans, 2ndlien supplemental loans, student housing, seniors housing, MHC, green financing, etc.2.

A local property manager will make this much easier and handle the visits for you.Single-family homes can still do well, even with more apartments popping up, as they cater to tenants who want privacy and space.

I am still really “green” at trying to fix things up, but am becoming more handy by the week.

And since you are licensed, you can potentially do some sales on the side to increase income and save up for investing.

Columbus, GAYou can go look up the remaining 21 markets, but you get the idea.