What's going to be my best bet with this equity we in these houses

I bet you have friends who have done some kind of rehab in the past.

You bet! 

Sure thing Alex, the only problem might be that you cannot own any real estate individually or jointly prior to application on this home possible program.I have yet to ask what if the ownership and the debt are obligationed by a corporation or LLC and if that would count against this "individually or jointly," ownership rule but I'd bet that would be considered ownership as well.

-Free Wifi internet service.-$50 discount for auto draw on-time monthly pay (Rent is $525 after discount)-Low Utility deposit. ($150)-Pets allowed for $200 non-refundable Pet Deposit; $25/month extra per pet.

I think from the research I've done the best bet is to cash flow right away which means analyzing a property considering I will be living in it.

IMO the better bet is to stay in that 80k range.

They do not have phone capabilities besides the wife's (more on her in a minute) wifi cellphone number that is used through the neighbors internet.2.

In my novice opinion, this is what needs to be done to the house:Mold inspection/eradication (water damage from leaking water heater in attic)HVAC neglect (possible mold)10 Fogged Windows (house has numerous large beautiful windows that have become opaque due to moisture)Pressure wash exteriorReplace Carpets (approximately 1500-2000 sq ft)Paint interior walls/sand and paint trimPlumbing hardware has all been removed/needs to be replacedPool filled with excessive amounts of leaves/debris (pump is running)Excessive amounts of trash throughout house yard and pool houseLive Oak growing onto roof (arborist needed)New Sod (currently all weeds)Pool Deck ResurfacingGarage Door Openers have been removedLarge golf ball sized chip on bottom of granite on islandresurface built-insExterminatorPatch holes/cracks in walls (about 10 fist sized holes)Many light fixtures missing (10 or so in closets and bathrooms)smoke alarms missingSo, part of me was disgusted and felt very guilty watching my buddy conduct a walk through via the internet.  

So I bet if I paid a contractor to do that it would have costed up around $45k.