As for the zip code you mentioned, some of the areas in there are nice due to steady rental demand, you just want to be very careful on the neighborhoods you select as some areas will be better than others.

I would tell people today that if you buy a primary residence expect to stay in that home for atleast five years, especially with a FHA loan which has lower down payment as the current forecasts for home appreciation or very low which with closing costs on the buy and sell, it will take several years to have equity in the property and enough to be able to sell, so that is something also to consider.

To be brutally honest i don't care if it's at cost, below or above, I only care what it is exactly and how much. 

Quote from @John Perkins: Investment Info:Single-family residence fix & flip investment in Success.

Normal mortgage rates are in the high 6's now, for a personal residence, and higher for an investment property. 

This single-family residence spans approximately 4,250 square feet and features 5 bedrooms and 5 bathrooms.

.- It costs me me less to turn over my 1500 SF units that rent for $3k/m then it does the same size section 8 unit because the property is cared for better and experiences less  wear and tear while fixed costs like cleaning and painting are easier to absorb. 

I’ve taken care of all my debt and am pre-approved for roughly $220,000.

Investment Info:Single-family residence buy & hold investment.

✅= You're probably fineWhat Gets You in Trouble:Can't explain structureHidden arrangementsToo good to be true tax benefitsPartner disputesBottom Line:IRS cares about substance over form.