I really would like to find a way to get into the Anacostia market now, but I don't know that I'm willing to deal with the management headaches.  

Or is it enough to give the buyer/vendee multiple notices, terminating with, "If the defect is not cured by XXXX date, the contract will be considered terminated"?

@Mark Esperti - I also recommend checking with prime insurance, they work a lot with investors and can really find the right product for you.

Purchase price: $546,000 Cash invested: $49,000 Sale price: $595,000 Classic fix and flip.

Purchase price: $40,000 Cash invested: $16,000 Conveniently out of the flood plains, this welcoming 3-bedroom home is features a huge master bedroom, refinished hardwood floors, spacious living and dining rooms, and a stunning kitchen!

With that being said I think you will find the multi-family model, 2-4 units more profitable, than a SF.

No, I used cash and am still in litigation with SRO; I work with lenders on different properties.

Would it be wise to try a house hack (considering I can find a deal!)

I’d also suggest adding Craigslist and Zumper—they're still good for finding tenants, especially in Saint Petersburg.

We’ve told our renters that they’re still responsible for rent until through the duration of the lease term until we find new renters, to which they were surprised.