@Kwok WongYour process seems reasonable, but here's a few things to keep in mind.

Buying outside of those hotspots is not so expensive, but yes, prices have increased since the lows right after the hurricane. 

Find out who buys in which neighborhoods and at what price points.

However, on that form, there's no option for a trust as a reason for tax exemption.  

The buy prices of these home are much higher than I am acustomed to in my area and my other investments althought the super low downpayment owner finance at  6%  is much better than i can get elsewhere. 

Would it be consider as an appreciation market yet or just more like cash flow type of deal (since housing price is still fairly affordable)?

When do they predict haircut prices to crash?

This law applies regardless of whether the tenant volunteers to pay a higher deposit due to credit issues or any other reason.

If you were actually at my event, you'd know that 1) I buy at wholesale prices, 2) I buy for cash flow, not for speculative appreciation, 3) we 'create' appreciation by making value-add improvements to properties, and never speculate, 4) I stabilize properties & refi out my investors in 12-18 months, allowing more predictability in interest rates & loan terms than speculating 5-7 years out like most syndicators do, 5) if the market shifts, I'm at a low enough cost basis that I have many options on what to do with the property (hold, refi, sell, etc), 6) once investors are cashed out in 12-18 months, I'm the only one with ongoing responsibility & liability (even though it's a non-recourse loan there is still some liability I take on), 7) I project for increased interest rates (which actually just dropped .25% last week, btw), lower LTVs, and lower valuations than what the market is showing right now, keeping us at very safe levels, and 8) I only buy workforce A & B class apartments (not luxury, not C/D class) which is the most insulated asset class in real estate.I have NEVER publicly pitched a deal, or even pitched a deal in my events. 

Any particular reason you are looking to wholesale?