FHA 203(k) loans are good if you plan to live in the property, offering a low down payment.

Choosing a professional restoration company seems really important, especially for damage like water, fire, or mold.

When we look at zoning and we see the density available, it starts to open up new possibilities for creating housing that is somewhat affordable and also building low cost units for example a second story edition could cost as little as $180-$200,000.

That's low, but not zero!

You also may have leasing fees, which can be as low as a few hundred fixed, but more often are a month rent.

I would be very hesitant to pay off anything with such a low rate - the sub 4% rate I wouldn't touch. 

It will be best to choose one and run with it for a bit so you have a base of comparison for the future - keycheck is a solid start.

This'll mean low money down and usually a good interest rate.

I like smartcore from Lowe's, natural wood look with texture.

However, some investors see potential in these markets because of low entry costs, steady military demand for housing, and decent cash flow from rentals, especially if the area has stable, government-backed tenants like service members.