You need a downpayment, say 3.5% with FHA, but you also need at least 15k in reserves plus renovation.

Increase supply (or at least encourage development), and the prices will eventually come down (as we've seen in other large cities like Austin where the demand boom was followed by a supply boom - and now both sale prices and rents have gone down). 

Two giant humps have grown up in the floors from the water damage.Some parts of the subfloor are at 55%+ water saturation.

I have another feature for the future at a reduced cost to install.

It does happen, particularly when renting to travel nurses who are at risk of having their contracts shortened by the hospitals or recruiting agencies.

Look what happened to Boise...

I have been living in my home I grew up in and next year I am looking to move out .

I am looking to sell my current home and buy a new primary residence($500K value) but dont have a monthly income.

It costs around $1,300 or so, and I believe (at least for me) the peace of mind that it is done 100% correctly is worth it. 

Are you interested in getting MLS access and access to look at all of the vacant properties first as an investor who has a license?