It's an area I'd look at further - especially with workers leaving urban areas. 

Making the purchase all cash, is not as awesome as it seems – we tied up $195,000, which made things a little tough specially because we finalized another purchase right after this one.Things we learned: (1) having cash on hand is useful, we saved ourselves some money by financing the project ourselves.

It's a tough one that I'm thinking about too.

., with a hard money loan added to what you have, this would be possible, otherwise...NY tough.

Since the markets are so tough right now you may want to consider stacking your capital first.

The workers need the money and we have not had the storms in Florida we had in years past, so you might be able to get a better deal in 2020. 

This is a tough market and a deal that good probably went for full price or over asking price in this market.

I'm really having a tough time finding a deal that makes sense. 

I would also recommend really talking about your interest with your co-workers and contractors to find who you could use to help/ help them out with projects to come up to speed!

@Matt Romano, yes, I agree with you on that and other special scenario(s) , my reply is more for generic situation for investor.But it's very tough to find a good deal in today's scenario, until you are very lucky.