All units are 1-bedroom 1-bath.A small apartment building across the street has similar one bedroom units renting for $370 per month.

That being said, if you buy a 2-4 family unit and plan to live in one unit, you can take advantage of the 203K.The 203K combines the purchase and repair funds, but you still need to have 3.5% down payment and money for the closing costs.Any time you purchase a property from a motivated seller, you can take advantage of that opportunity to purchase it for less than market value, which is why distressed properties are popular with investors.

It seems the popular thing to do is get a DP1 policy that covers any loan and if the house burns down, have it pay off the loan and walk away (at least that's the way my Indiana agent framed it).  

.$1,397.35Repairs:The roof looks good from the street, however it's about 15-20 years old so I expect to replace in 5 years or so. 

I have never been to New Hampshire but it was one of the original states and has some old houses and some are popular.  

Are there a few streets you want to avoid?  

., the very popular Westside, minutes from Buckhead and Midtown, walking distance to some awesome restaurants - in short, I think it'd make a great short-term rental like an Airbnb. 

You can see the final images here: http://www.whitepaperweddings.com/big-white-finall...We just found out that we can purchase 2 more duplexes on our street (up and coming neighborhood) for 40K each.

We don't have the luxury to have real estate that makes sense to invest in across the street.  

You can drive around and look for empty houses, overgrown yards, there is a boarded up house across the street from me right this week...Look for For Sale by Owner signs like I have in front of the house I am Selling down by MacDill AFBase.