This property has a ton of deferred maintenance but I'm purchasing it well below market value and I have a decent budget. 

Hello,I'm from Canada and looking to get into the US real estate market.

All look in-line with typical market pricing.

If you are going to manage multiple properties, having automated systems to handle tenant applications, tenant maintenance, marketing, billing, etc. will be crucial. 

Older homes that aren’t elevated could suffer major damage when the next storm hits.Many expect market saturation in the coming months, as flippers are snapping up flood-damaged properties.

In CA (my market) the seller is required to make honest disclosure statement and you can collect for material non-disclosure.I suspect you already have learned that you need to check the status of all permits. 

I'm interested in doing more HUD-VASH deals, and Sacramento is a market I’ve been exploring.

Your “don’t evict strategy” could only make sense in a market that literally hates landlords.

Im not familiar with your specific market but if you have not checked out the events section I would start there. 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)