I normally only say yes to SFH's under certain conditions but you sounded like you have a few units which you need to lower any vacancy fear.Y ou could look at investing into commercial sized complexes where the value reflects the income instead of sales comps. 

@Eli M.The situation with your lender sounds a bit odd but I suppose different strokes for different lenders. 

Sound like a solid investment to you guys?

But nothing you described sounds like such a damage.

It sounds likely that you will need to evict, so be prepared.

Hit him up as he can explain it better than me but it sounded perfect for flips. 

You sound like you have begun a good relationship with yours already.  

There seems to be stuff on the market down there in the 50-60K range that needs serious updating but otherwise seems to be more or less sound -- but I'm just looking through listings.

Owner financing to me seems worse than just renting on a property that needs a ton of work it sounds like a legal nightmare trying to foreclose on someone who stops making payments because they think you sold them a lemon.

It would require insecticide applications on a daily basis in some areas, and this is not efficient or environmentally sound.