There are plenty of folks who stay away from condos because of the lack of direct control due to the HOA but if it's a larger complex with stable management and a businesslike approach to capex and maintenance I think you could do fine.

I am interested in, however it's current flood zone status is what is holding me back and probably plenty of other people back as well..Just curious has anyone ever gone throught FEMA for a LOMA (Letter of map amendment) This entails getting a elevation certificate as well to see the lowest point of the property in relation to base flood elevation.Property sits in an AE zone but the line for the X zone (low to moderate risk) runs directly down property line so it is on border.

I have a ton of time on my hands, plenty of income to cover my bills and save, and a drive to work on something of my own.  

Currently, there are plenty of projects in my home town.

Plenty of ARM products but only a 15 year fixed.

What I know of Greenfield is that they have a large manufacturing base for job prospect, so should be plenty of renters. 

This place is kinda like getting a drink of water from a firehouse.

Locals are use to it, it's fun watching the expression of out of town'ers faces at a drive in drinking the water.Anyway, a water softner may help at the main supply.

Find someone who can help you in your area to ensure your numbers work or simply post here and there is PLENTY of help.

The very clean and well maintained part without upgrades will cost you plenty.