If you're in a high-cost area, consider out-of-state markets where you could buy a rental property outright. 

Hi All,  I've had several rolled roofs installed and never saw anything like this. 

You can put the SEV value in this website for a tax estimate.  

@Melissa Vass ScottI would reach out to Canadian brokerages and see if it is available.

@Marcus Retter welcome to BP.It's a great community.I've been investing in Albuquerque for 10 years, and you can find some good deals there.Personally, I live in Santa Fe.There are several active Meetups that you can join to get around to other investors.Networking is really important.Get out there and make connections with other investors; that is how I got started. 

Is this house outside of an HOA?

This helped my Debt to income a ton and I was able to close on the deal.

Then my current primary home will be rented out to balance the cash flow of this purchase for the next year or so.

Don't just find out how it's all licensed and check on any historical issues with it, no you want to meet with local board members, find out how they really feel about the place and what the cities wants and plans are for the place.

Another option is moving out of your place and doing a house hack.