Another consideration would be to look at it as a start-up expense if it's regarded as a trade or business (can deduct up to $5,000 immediately for eligible start-up costs).

The odds that anyone on Section 8 can become a home owner may be OK in a low-cost market, but the odds are ridiculously small in Austin.

If it’s your primary not much you can do except increase income.

In terms of maintenance cost and liability the PB Court is a no brainer.

Any ideas or expected costs? 

There's a limit to how much repairs can cost vs. a complete raze and re-build(will check current regulations to see what they are).My only concern are the liens and the problems inside.

Everything costs more than you think it will.

Is there a loan that will include the purchase price and rehab cost?

Purchase price: $95,000 Cash invested: $30,000 Sale price: $173,000 Purchase price – 95,000Closing costs at purchase & sale - $6800Total renovation costs $21,935Sold for - $173,000Total profit – $49,265https://www.zillow.com/homes/11311-marbern-dr-hagerstown-md_rb/37683475_zpid/https://www.realtor.com/realestateandhomes-detail/M5889931134https://www.redfin.com/MD/Hagerstown/11311-Marbern-Rd-21740/home/15360019 What made you interested in investing in this type of deal?

But are just sitting on it as the development cost is too high.