Dont forget cash is not fixed value nor is going up in value just opposite. 

They are invaluable in what you are working towards and can be hard to find!

Unlikely 30k rehab will add 110k in value.

That's how s/he gets re-elected.You should also remember, that if you do go into buying and holding in an impoverished county with data like Franklin's, the chances that you're going to come before the same DMJ in the future for something else are pretty high.

I don't think that will happen, but it is real data and it is happening in the short term.

That arrangement meets the owner occupant requirements of the VA loan.The reason I'd go this route, based on the data points you provided, is:1.

I would have a hard time letting the asset go if it has appreciated that much and has potential to go higher in value.

I purchased this invaluable Intention Journal and trying to get a realistic "average" on setting up my funnel for how many calls I should be making. 

Some data: The value of the house "as is" is $100K the owner has a reverse mortgage for $80K.

The same criteria apply to the other TK's I invested with.For analysis, I recommend the BP calculators in combination with tools like Rentometer and the local data often provided by the city or county on their websites.