Well this is the same mind set that those who have never been to CA OR WA.. they only hear of super expensive areas and dont realize that the majority of these states land wise is quite rural and not a whole heck of a lot more expensive than nicer areas of many mid western states. 

Bunch of great advice above...FYI, if they paint anything mid to dark tone it will require multiple coats to cover or bring back to white, black or red will require 2/3 coats of primer, and then good paint top coat.

I'll run the numbers as a retail flip using low- to mid-level finishes. 

I’ve been buying VA and refi out to reuse since the mid 1996.

While they do have a bit of a Suburban feel you can find a lot of mid-century modern buildings there that offer better floorplans and layouts.

I only have rentals in Orleans Parish, but eviction courts opened here sometime in mid-June for tenants/properties that don't fall under that federal eviction moratorium. 

Alabama, Carolina's and mid west are great for cheaper but cash-flowing properties.

I purchased the home in mid January for $22,000 and invested an additional $30,000 in rehab costs for material and labor.

I purchased the home in mid January for $22,000 and invested an additional $30,000 in rehab costs for material and labor.

I’d be going from 5% to a low to mid 3.