What is the local rent market like and house price movement?

With some movement on the price and maybe bettter loan terms, it might be a great deal.Like John says, I'd be concerned about the lack of cash reserves.

This guys website might help also..http://www.tylerharman.com/hipster-movement/

One has shown very little movement over the last 7 months but the other should close soon.My goal is to pick up 5 to 7 properties in the next 4 years to creat a new cash stream and utilize to augment my retirement annuity.Scott

I was not aware there was any movement toward changes.

Even flips are tough because we're seeing lots of people trying to buy cheap, driving up "wholesale" prices while retail prices haven't seen any upward movement.

With the house being built in the late 50's and the neighborhood having soil movement there was definitely a list of issues that needed to be taken care of.  

Ideally, if you're flipping, you want to be in a subdivision with "sales velocity" (movement of homes).

I am really intrigued by the tiny house/microhouse movement.

Don't know of one at this time but if you ever need a property gut & clean out, Movement Properties is available to assist with competitive prices & detailed work.