Cheap but cumbersome.

Yes, you will spend some money in books, seminars, etc. but that will be the cheap part.  

This area is an hour away from home, expensive, but it offers great return and appreciation.For my next purchase(s) I am looking at areas closer to my current residence in Southeastern Massachusetts for ease of maintenance and also extremely cheap properties.

Ive been playing around on Zillow and the housing there isn't cheap compared to some of the other properties I've seen people posting about on here, is NH a bad market to get started in? 

I have a house we just got for fairly cheap so wouldn’t house hack at the moment, but thanks for the advice!!

If there is a chance the damage extends into the home into these currently inaccessible areas you might want to ask for a further inspection to areas adjacent to the current damage/infestation. lastly, as a construction business owner the cost for most termite damage repairs is relatively cheap but for a non professional structural termite damage can be a huge expense and should be repaired and treated properly and never covered up as if found out about later legal repocussions could be substantial.

As many here will tell you, cheap does not mean good.

Is there cheap housing ($50-$80k) in B neighborhoods that meet at least 1% rule3.

You can look at cheap SFH and maybe flip?

If you're looking for a really cheap, easily replaceable cordless set that probably won't last forever but will do the job and can be replaced cheaply, ryobi is the way to go.