The fix-and-flip, or rehab, market is one of the most popular places for the freshman real estate investor to start—it comes with the lowest barrier to entry.

More and more landlords are passing the water bill to the renters here (it's a popular area).  

FHA 3.5% down is more popular on BP, IMO FHLMC Home Possible is often better financing for a very similar down payment that is under-appreciated on BP.(6) Not necessary.

@Jd Martin Mechanic lien laws are true on a federal level, but they are useless if it is owner occupied and will not be sold in the near future, or they could buy a lien bond to have it lifted and you end up chasing your money with no additional compensation and most probably a negotiated settlement.

This is why it remains one of the world's most popular tourism hotspots.

(Federal Fannie Mae and Freddie Mac rules)Some/most banks will do a refi based on the price you paid for the house plus documented reno costs, but they won't include any appreciation.

Below is a comparison of some of the most popular markets.

Mayfield from coventry to Lee Rd is a C neighborhood but close to coventry is popular with the hippy/artsy crowd.

I am always a little suspect of anything that's "confirming" what's already a popular idea in a group of people.

Look into the laws that cover your jurisdiction (federal, state, county, city).