A homeless guy showed me the properties hidden a wooded area,l.

@Brad Wood, You're thinking ahead. 

I'd also make long term investments in the property, such as tankless water heaters, granite countertops, wood floors, stainless steel appliances, new plumbing, new roof, and any other long term or "bones of the house".

VA loans also require a wood-destroying insect inspection, which the seller is required to pay for.In a conventional loan the appraisal is much less detailed. 

Thanks @James Maradits@Jess Wood I sent you an email 

I bought below value and rehabbed it by re-stuccoing some exterior, painting, adding plumbing for a dishwasher, replacing a window, and adding wood-look vinyl tile to the kitchen and bathroom.

I bought below value and rehabbed it by landscaping, re-stuccoing some exterior, painting, plumbing a dishwasher, replacing a window, and adding wood-look vinyl tile to the kitchen and bathroom.

Laminate wood flooring is another option, a bit more water resistant and also damaged areas can be replaced.All in all, you really need to check your competition and then go with the most durable in that price point.

Originally from an as-small-as-it-gets town in the woods of Maine, I've knocked out 37 of the 50 states in the last 6 years.

The problem areas with lbp are cabinets and wood windows opening and closing creating dust, maybe doors.