If you would of closed at 255K Im assuming the liens would of been cleared.

Very close to two college campuses and downtown. 

My parents had a 3 family growing up and I used to hate going there on weekends but I learned a lot and it obviously stuck with me.

.- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.

The only thing I would advise is to keep a close eye on the HOA fees, as that's where the cash flow can get squeezed.

Turnkey or close to turnkey would be nice, but willing to consider a fixer upper for the right opportunity. 

I do not know of a way to go back and put a wrap mortgage in place post closing.

I’d fix it up and list it to sell after I’d been there two years to take the gain tax free.

A purchase of $209k, $15k rehab, and ARV of $240k doesn't get you any thing back after you factor in all of the closing costs to purchase and to refinance.

I worked with a travel nurse who does shift work and 5 lenders said that they couldn’t finance her primary residence purchase and I ended up making it happen for her.