To markets where you’ll gain long term tax free wealth. 

The buy in would be very flexible terms.

In real terms you would walk away from an investment long before a primary residence and therefore most banks will not allow it for anything less than 10%.

They were abandoned and needed significant work which wasn't a huge issue but in terms of HUD owned properties i heard there can be significant processing periods.

What about rate and term refinancing?

I'm looking to finance the project long term in a way that is helps me create positive cashflow.

I do generally agree with the sentiment of Austin and the other hosts that fundamentals will always win out in the long run, and this by nature is a long term industry, even the sales side I'm learning.  

I have experience handling this in Michigan with my short-term rental.

Thus it's often more profitable to find long-term tenant than squeezing out every rental dollar you can. - RentReady repairs & vacancies between tenants can blow any projected ROIs.2) Warren Buffet - go where others aren't.

However, there are other loans designed for fixer uppers referred to us hard money loans, bridge loans, or fix and flip loans but whatever you want to call them they're essentially short term, interest only loans with no prepayment penalties designed to finance a higher % of your purchase price and typically all of your renovations not to exceed a certain % of the ARV (typically 75% max).