I've been in the game in this market a while as I have 12 units and 3 single family homes and know this is a great deal. 

Plus every time the house sells you start that amortization schedule over and you're on the "winning" side of the payments from the new owner so to speak.Obviously this only works when you've got low payments yourself or you manage to increase the value of the home significantly, but is there anything else I should be looking out for here? 

Investment properties foreclose at a higher rate than primary homes.

I am now in NC and am actually looking to move to my home state of Florida (Jacksonville to be exact).

Remember, hard money loans are typically short-term (3-18 months), so make sure your flip timeline aligns with the loan terms.

@Derrek J HooymanLook at the median home price data and rental data at the city level or zip code level.

If they are showing you multiple homes, consider their time as well, and their desire to be compensated because it is their business too.In San Antonio, I pay an annual and quarterly fee for MLS access.I wish you all the best.

Although the back house is larger than a typical ADU..

@Mike Hendrickson USDA isn't going to make you refinance out of the loan, depending on your reason for moving out some underwriters will question your intent when you go to get your financing on the new home.

How old is the home?