Let me here what you would do with the scenario.Purchase Price:40KRehab: 40KTotal Loan From Lender after Rehab: 80KARV: 130KFair Market Rent: 1,200 Mo.If this was your very first purchase, with a goal of wanting to scale, and build a portfolio based around LTR, and Fix and Flips.

These areas have multiple military bases and constantly have turnover with families moving in and out of town. 

Then speak with the planner to see what types of businesses / buildings they think are a good fit for the property based on the master plan for the area. 

I do not have any 1 BR STRs/MTRs but I have seen annual STR rents based on bedroom count in both my market (San Diego) and emerald coast (one of the markets I have made offers) and the difference in the income is substantial between 2 BR and 1 BR.  

The max you can offset for a LTR is 25k and this is phased out based on your level of income.

You know, I always think that is very misleading when they charge thousands of dollars to newcomers base off marketing that boasts getting into real estate with no money down.These deals cost money. 

The safest bet is to get yourself some oil based primer and a coat of paint on the interior when turning it over.

Based on my research, the vacancy rate at Fort Worth, TX was 9 %.

I'm strongly considering going prefab on a couple of lots ... if the price is significantly less expensive than regular construction. 

Very nice, Florida provides a strong STR market depending on the area you buy in.