You might have issues getting a loan with so little liquidity left, so that could be a potential road block.

-I have access to a below market variable rate (currently at floor of 2.75%; cap is 10%) loan that only requires 10% down through my employer for a purchase of a new residence.I'm trying to plan out the best financial moves going forward. 

Owner is asking $190k Cash only (currently occupied by owner)Rehab Budget is $75k. 45-60days to complete.Based on comps: $350k plus The property is couple of blocks away from Texas Southern University and University of Houston with over 70k students combined.Not in a flood zone.Pm me if interested

There are very unique opportunities like working with government to build and provide housing, or create a business that renovates rentals for individuals with physical disabilities... flats with wider doorways, handicap accessible bathrooms, lower counter tops, etc. 

And the connections I am making seem genuine and accessible.

my suspicion (I havent gotten access yet) is that these three small cottage style rentals are not on seperate meters, and owner is paying utilities... therefore got solar... which I dont like... in Ca... people blast AC and behave like kids with their power if they arent paying it... 

Smaller markets offer lower barriers to entry and are more accessible to the broader investor population.

After watching friends lose millions and in one case several hundred million in the 2008 crash, I am convinced that building cash flow with little risk is that way to go, and putting your personal house on the chopping block is too risky for my taste.

Many properties in Warwick are not ADA accessible, which may or may not be an issue for different uses.

Depends on the level of access and the condition of the pipes.