These are great for experienced flippers who can handle the tight timelines and costs.Private investing usually involves individuals funding your deal, like friends, family, or networking connections.

Downtown is about 10-15 years in to a gentrification cycle and varies from block to block. 

Again, I do not want buying the multi-family home to block me from accessing lending for the second home when I move.- Does anyone see any flaws or can offer some improvements/considerations to the financing strategy of this plan? 

Republicans blocked it passing last year so they didn’t give democrats a win before the election.

Also SOP for such is individual property owners will, individually, address total site cleanup in concert with there insurance providers.

of course the sale of hurricane damaged houses also confuses the issue (my house had no such damage but is only about 4 blocks from houses that did). 

There is another house about two blocks over that I have the opportunity to buy off market under market value.

What would you do in my shoes I don’t invest there so take this with a slight grain of salt but I’ve heard multiple stories of basically this exact scenario someone getting offered a big payday for something in Cumberland, rejecting it & always for some reason (house burned down, block got worse, sheetz decided they actually didn’t want someone’s land for a car wash after all) always selling for like 10-20k and regretting not selling. 

@Alecia Loveless is correct--tenants need access 24/7 to their electric service panel, water and heat, assuming those are individual utilities for each unit. 

The best place for any individual will depend on their priorities.