Hello Joel Ubiera, The NACA program is indeed designed to help low and moderate income families become homeowners with no down payment, no closing costs, no PMI, and a below market interest rate that can be bought down to nearly zero. 

It's designed for fostering beginner investors, 99% of whom have never done a deal.  

I cannot verify that it is truly a state specific feature but, again, going through sample reports should make it clear what you should expect.

Be sure to look for ones that have similar features as yours, similar design and space and ones that have a good number of reviews.

I am currently a civil engineer, specializing in airport design on some of the busiest airports in the country.

And an investor that is buying finished, move-in ready homes at or above market rate will likely not be an investor for very long unless they have a very specific gameplan.Also, there is no way an investor can compete with the homebuyer who sees a beautiful porch and thinks to themselves, "oh that is a lovely feature, let's up my offer by $10K because it's so pretty."

I moved to Michigan to start working for a company who designs and builds gas turbine jet engines.  

One key advantage I could see in a new neighborhood is simply the free exposure of buyers interested in the new subdivision especially if you can offer better finish or a more appealing design than the competition if it's all fairly cookie-cutter. 

Utilize the search feature and you'll be able to find almost anything on real estate investing.  

Also listen to podcast number 210, it features a young couple from north Jersey who discuss how they bought their first property