Purchase Price: $39KRehab Cost: $32KARV: $100K  As you can see from the pictures, We redid mostly everything here; Windows, doors, flooring, kitchen, bathrooms and drain tile in the basement. 

Row housing halves the cost to repair the wall water on a per unit basis and there are obvious additional values to having proximity to all units. 

I'd recommend the latter for someone starting out-- you could use a 203k loan which helps you finance rehab costs into your loan.

If you're looking to do a fix and flip - you'll need to come to the table with at least 10% towards the purchase price + closing costs.

I have been researching Citrona online along with some of the other companies that have somewhat recently taken interest in our area due to the low cost of purchasing homes in (key word) certain areas. 

You will be out inspection and appraisal costs, but will get your earnest deposit back.  

I assume zestimate or other online estimating tools are inaccurate.

I highly recommend that you utilize a low down payment loan (preferrably 5% down since it has less closing costs, you can get out of mortgage insurance once you hit 20%, and you save your FHA for another purchase) and move into a 3-4 unit property.

In both of these cities, four of the top five source cities are higher cost.

My real estate CPA has done several cost segregation studies for me and my clients.