my plan is looking like a BRRR is the best solution, IF the lender will allow NO money down or IF they will allow a 3rd private loan/family member to chip in the 10% or whatever I need for "skin in the game".from there, after 70k initial capital improvements to get the rent up, I would be 'all-in' (purchase of say 640 + 10 closing + 20 finders fee + 70 repairs) at 740k. 

My big why is to provide nice, affordable housing to good people while improving property and communities.

It sounds like things can now start to improve. 

I have a cousin who bought in San Jose in 2005 or so, were a bit underwater during the crash but stayed there, and sold in late 2017 with quite a bit of appreciation, to move to Saratoga, since their incomes had improved, and the school they were zoned for was not the best one in San Jose.

Made 8k in profit after one year. winners was the realtor, contractor and neighbors since our selling price improved the comps of the neigborhood.

Up until the bedbugs, there was not any meaningful improvement despite counseling.

Even putting 50% down could improve my COCR.  

It has lots of potential if we know how to improve, maintain and utilize these properties.

Typically the HOA owns the common areas -- the land, the land improvements, the exterior of buildings, the roof, the patios, etc -- and the homeowners own the interior only (i.e.

Hi Mindy, There is nothing that says that you can't occupy the home as long as it's in a qualifying zone and you substantially improve the property.