I can’t afford to pay more than $2,300 a month mortgage. 

The FHA takes a dim view on flipping when it comes to single-family home loans, because these mortgages are intended to help people find affordable homes to live in rather than for the purchase of investments.Dina Boscio: If you get a FHA buyer just have the new appraisal done after the 90th day.

When I was a graduate student with full scholarship, I can afford only security deposit and first month deposit.

According to this realtor that I spoke with, people who may have been able to afford a home to flip in Staten Island are now having to spend an extra $25,000 at least and it's deterring flippers and buyers alike because in some cases that could be their entire renovation budget.

I can't afford to have the new fence built ($1600).

How are you going to make money to afford to live and invest?

Southbridge has its problems just like any other mill town but people will always need affordable housing and the Town offers excellent services.  

Also depending on your pre-approval, that might be higher than what you can realistically afford so if you haven't I would suggest working out all of the payments.  

@Kyandrea FowlkesI share in your frustration.  

The MassHousing loan is much better than FHA  if you qualify and can afford it.