My gut says Pigtown higher potential longer run but more risk.

Be organized, polite but persistent, get a meeting with an examiner and leave with permit in hand.

Kind of running in circles on this dilemma and would love to get your opinion on this.When using @Michael Blank 's calculator (which is a state of the art weapon) i see the "deposit to replacement reserve" line item in the EXPENSES box, but there is no CAPEX line item.

there is one in Texas run by a guy name of Stinson Bland i beleive its a new one.. ( mastermind)

This auction was a SFR with an ARV of approx $165,000 and the ‘home run’ number was probably around $115,000.  

@Shlomi Mor insurance for Section 8 housing can run higher. 

I think the odds of you running into one of those types of dogs is extremely low...

I also have 2 years of construction experience from high school and absolutely no knowledge of this business before recently, so I could use a mentor for awhile getting up and running - especially with details like taxes and different types of contracts other than traditional assignable and buy then sell.

Working with someone buying one is a certain amount of work, but once you train a buyer on the process, it runs pretty smoothly and there are a lot fewer items to cover on the second and third, etc.

Run the numbers through the calculator and see where the break even points are and don't forget debt service.