Additionally, this semester I am interning the Indiana Economic Development Corporation and I am learning a lot about state grants that are available to rehabbers and investors for value projects or new development in lower income areas.

Kyle KufeldtIt is difficult to say without knowing the details of the area, the availability of comps and the property itself but the value is likely somewhere in between.

I'd imagine there will be ever type of deal imaginable available to fund/buy.Make friends and bring lots of business cards.

That led me to biggerpockets as the wealth of information available here is incredible.I'll be updating as we get started!

Are there any loan programs similar to homepath/fha etc. that are available?

I think they're the ones who are crazy for not recognizing the incredible opportunity available today (and possibly a once-in-a-lifetime opportunity given the low interest rates, and good deals you will find today.)

Very Cool @Mark Updegraff Are refinancing products easily available in your market?

You asked for input, go into the learn section and review topics of interest, listen to the the library of podcasts and equally important review some of the inspection and cost control forms that are available.

It all depends on your comfort level, what's available for buy and hold in your area, and how much hands on you want it to be.

@Minh L. is correct - you don't need to pay anyone to gain a quality education - there is plenty of quality educational material available.