. $10,000 properties are in horrible areas.

Hello, I began two flips pretty much one after the other, over leveraged myself. Rehab went as planned on both, however the first one was higher end and with the rates going up the buyer pool severely shrinked, second...

It was a horrible financial decision (no mortgage interest to write off!)

@Bob BowlingSo to address the topic with a question: if you can get an Indy property and fix it up right, all in for 50K, that rents for $750 in a neighborhood that never goes unrented, and assuming that half of your monthly rent amount is eaten up by all the expenses involved (so you're left with $375 net), what's so horrible about that?

As a newbie investor this is a horrible first experience.

It looks like you took a horrific listing and updated it to horrible.

I am trying to sell my home...high end on the north side...and the market is as horrible as it has been in many years.

., it's not that horrible of a thing to deal with. 

CMHA is horrible.  

Not saying it's a horrible choice, and the underwrite is considerably simpler than FHA, along with a probably more generous appraisal...Still no free lunch, unfortunately.