The properties we buy are entirely turnkey and around the 40-65K range.

Those are easy to finance, and the financing is solely based on the properties income using a DSCR ratio for qualification.I would look for a property like this one, https://www.zillow.com/homedetails/5810-21st-Ave-Kenosha-WI-...Lets say you could buy it for $100k, and its $50k in rehab, and ARV will be worth, $200k.When you do the rehab, make sure all the mechanical systems are brand new, then you will have relative few repairs for the next 3-5 years.I can get you a loan for $90k purchase, and $50k, rehab, once its finished you can refinance into a 30 year fixed rate loan between 6.5-6.8%, and cash flow. 

The rest you can handle from an hour away.Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.

I happened upon your post here and am looking to potentially buy a VA assumable home in Hawaii.

Different coaches specialize in different things, we specialize in accredited investors buying off market properties, with little down, for instance.

Any experienced advice would help and be greatly appreciated.Easiest way to avoid this is to rip off the bandaid and do it right with the large capex items.Detroit homes are pretty simplistic, especially if you're buying a bungalow.

My oldest child is going to college next year in a town where I could buy a house for $160k.

(i) In 1998 Taxpayer B buys a property that includes a house, a barn, and 2 acres.

@MattOwens My partner and I have been buying multifamily in Grand Rapids since 2009 and continue to invest.

Sadly, the best I can usually do is a 30-year amortization with a few years of interest only.I'm happy to buy those assets as long as I end up with positive cashflow after the I/O period ends.