I'd suggest checking in with some social service organizations within a few miles of the property to see if they work with people/populations in the area looking for this type of house.

This makes a lot of sense thank you for the insight.

Purchase price: $219,000 Cash invested: $63,275 Buy and hold single family residence using a 203K loan What made you interested in investing in this type of deal?

This is also tax deductible.

I was wondering if anyone here other than me was even aware of this new legislation and if anyone was working on anything like this.

Plan was to do self storage; then found out the creek that sits a ways back flooded 5 years ago, not in a floodzone but all the locals know so self storage is a tough sell at this point. 

I think this is one of the riskiest strategies.

This usually takes 30-45 minutes and should be very helpful for you. 

If you have some experience this will be easier, but you have to start somewhere.

This could lead to a huge tax bill and penalties.Think carefully before you do this.