I’m currently reading Brandon Turners book on investing with low or no money down.

Surely removing a homestead exemption won't cause that unless (1) property tax rates are through the roof and (2) home valuation is extremely low. 

That was just the little bit over and above what their security deposit did not cover (which, we now know is way too low to even make a dent in the damages they caused us). 

its highly market specific also.. some areas of the country are much eaiser to that in.IE low value  more homes than peeps.. older functionally obsolete money pits that kind of thing.keep in mind in the cities where wholesaling works.. there are tons of vacant homes even today.I think for instance indy has 4k vacant homes.Detroit who knows how manyChicago thousands.Philly 10k plusBaltimore same thing.those areas is where buying low seller for more is quite common.. and other smaller little towns throughout the mid west and northeast.. 

Credit (cards) with Office Depot, Home Depot, office max, lowes, etc.  

I use 2% on condos to account for HOA and relatively low rent.  

I'm sure these are low-income tenants who aren't suddenly going to be able to pull another $300/month out of thin air. 

I keep getting told that the underwriters are going to see that I'm taking advantage of the rate/down payment (even if I truly move there which I would).We have clients do the Nomad model of buying a home as an owner occupant with low down payments, live there for a year and then convert it to a rental after a year all the time... sequentially... doing it more than once and have not had any problems at all.

The Texas VLB has an even deeper rate for Texas Veterans and will provide an extremely low rate that you cannot get anywhere else for veterans with over 30% disability. 

@Kenneth Liz when it comes to low priced properties like that in philly, make sure you know the market that you are getting into.