Read books, seek mentorship, and understand costs.

I have about $100k available for down payment, closing costs and I'm hoping to have some left over for reserves.

I like how you included almost all costs (I did not see holding costs during rehab).  

Would be amazing to spend less than 1/3 the cost and save days...

I know many investors from NY who are choosing to invest in the Midwest because of the low barrier to entry and yearly cash returns making more sense in these lower priced markets.

China is no longer the world’s low cost producer and all of those production facilities have to make a move along with the distribution channels.

You essentially would be digging deep into your own pocket when these costs arise.

Are they going to just place a lien on the lot and bill me for the demolition cost or should they bill the owner for the cost as I don't own it and only have the tax lien? 

Also because your LTV is low, you have a relatively small amount of depreciation write-off to help with your taxes. 

I can understand that low cost housing will appeal appeal to a different tenant profile, but if the product itself is very good won't it also attract the kind of tenant you want more readily?!?