Interesting city with a lot of rich history and beautiful architecture. 

I am the real estate professional and I worked with hard money lender This sounds like the exact same strategy a client of mind uses in Kansas City!

Leverage Local ResourcesEconomic Development Grants: Check with your city or county for grants or incentives aimed at affordable housing or community improvement projects.Local Banks or Credit Unions: They may be more flexible than larger financial institutions, especially if your project aligns with community needs.Partnership with Nonprofits: Collaborate with organizations interested in affordable housing or sustainable living.4.

Most cities don’t want a mobile home park in their city limits because the tenants take more money out of the tax system than they contribute.

The city would come flush the system, and said everyone needs to stop flushing wipes and pouring grease down drains, etc.

I am now working as an engineer in the Twin Cities, but have plans of moving to Austin, TX with my wife to house-hack and work in the more plentiful tech market over there. 

Maybe talk to the city and see what the process is.Now of course you don't know how things are going to play out.

I can't speak for the city itself / near the university, but up in areas like Liverpool properties are getting multiple bids regardless of the condition.

https://app.tango.us/app/workflow/BiggerPockets-free-Short-T...The only way to truly stay up to date on your local rules is to pay attention to your local county/city council meetings and how you can participate.

Refer to your state, city and county resources for any required items, or recommended inspections.