If you work on a power listing team then you might get some listings.If you choose to work with investors on SFR the price point is very low in most markets under 100k a house.

Are there any loans similar to FHA where it is low money down for purchasing a rental property?

Low rents give tenants an incentive to stay long term.  

Maybe look at the low profile pattern goods with a thin , dense cushion, no thicker that 3/8" no less than 8 # density.

I am waiting to see what impact this is going to have on home values here with everyone selling so low..... or how much of an impact I should say.

I know the population has been decreasing for a while, but what's going in Wilkes-Barre that's leading to such high cap rates (i.e. sellers willing to sell their properties for really low amounts?)

As mentioned since we are starting out again on flips we really liked this one since the purchase price was below our target point...I guess that why the other investor who bought was selling so low. 

So I would use a low money down program like the VA loan and buy a house hack, wait out the occupancy requirement and do it again with FHA, wait out that requirement and then see if a commercial bank will work with you.  

Doesn't it make more sense to take advantage of the low rates that are available now?

I know you can get a low money down 3.5% with the FHA loan, but I'm not sure of any other traditional finance method that can get you into a property for less than that.