Betting on appreciation is pure speculation too and has sunk many a would-be investor.

When asked the manager at Lonestar why there is such a difference in term of coverage he told me that StateFarm rely on the Texas Fair Plan coverage which according to his own word is "pure garbage".

Most tenants leave their homes in good condition so a small percentage of the bond money is applied to cleaning, repairs, or rent and everything left over is pure profit.

Like I mentioned it was purely word of mouth that I heard this and they were most likely referring to the fact you pointed out- code enforcement does not enforce on the weekends, which is why you must take down at the end of the weekend. 

If you think buying a single family in the midwest is going to be more profitable that's cool and some might call that pure 100% speculation as it has never happened before or even close.

.- FHA 1-4 unit owner occupied, needs 2 years tax returns and 2 years in the business so you'll probably need till 2 years of returns are available or above with conventional loan programs - DSCR loans wont care about your SE or self employed income since its qualifying purely based off market rents, your reserves in cash/stock/savings, and fico scores- HML or hard money lenders - are ABL or asset based lenders so they dont care about your credit or income just liquidity/reserves/cash/savings/stock + the property in question- fix/flip lenders (HML above with more items) usually care only about min fico scores, the ARV value, the as-is value generally these need a BPO (broker price opinion) or appraisal in order to finance.

I will not pretend this was a pure aberration of capricious fate, that there were zero indications beforehand that racist white trash that hates Jews, black people, and immigrants has a widespread presence in my area.

After a year or so, move out and turn it into a pure investment.

I suggest this over pure finance (something very heavy in econ, statistics, and calc) because that's the curriculum I studied and have found the non finance (marketing, business law, management science, accounting) material very useful.

@Eric Imhof Question: Do you live in this property as well or is this a pure rental?