This question is most likely best for a lawyer familiar with local regulations and code.

I searched Redfin by random target zip codes, even in those states where median house prices are relatively high, and still was able to find scores of properties listed on MLS for less than $50,000.

@Akil MitchellFrom my experience, when buying a property, it's crucial to assess local building codes, potential de-conversion costs, and permit requirements.

What area code should I look for in my budget and best area possible for that budget?

Not to mention that night I slept on the floor of that flip house, I could see all the work that wasnt done, wasnt done to code, and was done poorly.  

I want to be a part of this market because I know I can offer tenants a well-maintained, up-to-code home.

Rental property is extremely tax advantaged based on the current tax code.

Most of it will be DIY with inspections to make sure it's to code.

These are professionals with additional training and a stricter code of ethics.

Do you want to build it to code and get it approved by the county?