I bet it's changed a lot since then.

Ideally if I can find a property to add value to, that would be the best bet.

  $125,000 - $40,000 = $85,000 less realtor fees to sell it, and will a lender finance it in it's present condition.Also, those pier and beams go out of wack all the time and maybe just adjusting them will fix it.Some of the older homes are jacked up with all kinds of automobile junk yard scissor jacks and Auto Zone bottle jacks, piles of rocks, stacks of 2 x 4's on grade, wooden shingles, tar shingles, etc... vs proper peirs.So maybe one of the renters (or one of their friends) crawled under there and removed the jacks to use on their car repair or sell at the pawn shop for beer money and now the floor bounces.Meaning get a 2nd opinion from a pier company (that's legit, has an office and a website, etc...) and have them confirm the ROT--if any.Because the floors do rot (sometimes) and also the piers go out of wack and sometimes also sometimes disappear into thin air--and no one knows what happened to them.Getting a 2nd opinion on if there is rot--with cell phone pics of it--would be smart--if none then adjust/replace the jacks.Good Luck!

I wouldn't bet on any helpful changes in the near future.

I feel like Logan prices are pretty high for what you are getting and inventory is ridiculously low at the moment, so finding off market opportunities are your best bet. 

Sounds like a Hard Money Loan is your best bet for financing here.

IF there is demand for STRs, the market will adjust to make sure the right number of laborers can live there.

I will say it is harder to compete with multiple offers while using FHA on multifamily, but in terms of minimum down payment that's your best bet. 

That will be your best bet.

Hi Jeff,8-12% is a safe bet depending on how intensive you want the management company's services to be.