I initially offered $200K in cash, but the seller countered at $240K.

#townnamenh either with or without the initials of the state.

A low opt-out percentage appears like you have a clean list of people who initially opted-in to receive your messages. 

You'd also need to establish a budget, and secure a master insurance policy. i THINK you need to do these things before reaching out to your municipality to have it converted officially with the county or city but they would be the first ask for steps in order.i will add, this would make financing on these units a bit challenging, as in the mortgage world, at least initially, they would be considered "non-warrantable" condos.

The initial plan was to do minor cosmetic things and bring the kitchen and bath up to date but not knowing this fact made our $5,000 budget go to $50k costing us the two year full rehab.

From real estate investors to other small businesses, I talk to people daily who have no idea about the potential liability under the Telephone Consumer Protection Act ("TCPA")(47 U.S.C. 227 et seq.).There are two initial issues that can create huge problems with your suggestion.

Non-QM DSCR loans will allow you to refinance the property at the newly appraised value after 90 days from the original purchase IF you took a loan for the initial acquisition.

Moving there initially since low down then ideally want to rent some rooms to cover mortgage!

I initially offered $200K in cash, but the seller countered at $240K.

You will likely have negative initial cash flow reducing this return, but typically the negative cash flow is short lived.