Building materials will be going up in price due to the storm , some materials will be in short supply , not available or on back order .

You would need a short sale to get this home anywhere near market value.

As it turns out, the deal went upside down shortly after posting.

I can't focus on finding and acquiring new properties if I am chasing tenants for rent and unclogging toilets.I think the only reason NOT to have a property manager is if you are househacking and living in the property, or live within a short drive of all your properties and enjoy doing maintenance and chasing rent checks.

Some ideas - vacation (short term) rentals .

Since I work downtown I want to keep the commute as short as possible as I was commuting 3 hours a day for 2 and half years at my previous employer.I don't have much capital so i'm hard pressed to pay cash.

Line up a tenant to rent your current house now on a short(er) term basis, like 4-6 months, and if you can get 125% of your PITI payment.

I have a short list, but each one of them excels at their own respective niche(s).

If we did a deal like this I would want to use private capital (short term money) complete the rehab and get the rentals rented in 12-18 months and then get a bank portfolio loan.

In short, I see it as a great place to begin a real estate investment business.