Most lenders want a minimum of $100k for just about any 30 year conventional loan so you'd be right at the entry level.

I don't think the level of tenant this property would attract would appreciate bamboo.

I am waiting to see what impact this is going to have on home values here with everyone selling so low..... or how much of an impact I should say.

I know the population has been decreasing for a while, but what's going in Wilkes-Barre that's leading to such high cap rates (i.e. sellers willing to sell their properties for really low amounts?)

As mentioned since we are starting out again on flips we really liked this one since the purchase price was below our target point...I guess that why the other investor who bought was selling so low. 

So I would use a low money down program like the VA loan and buy a house hack, wait out the occupancy requirement and do it again with FHA, wait out that requirement and then see if a commercial bank will work with you.  

Doesn't it make more sense to take advantage of the low rates that are available now?

I know you can get a low money down 3.5% with the FHA loan, but I'm not sure of any other traditional finance method that can get you into a property for less than that. 

Due to low inventory and trying to stir up more opportunities I recently put a few posts on Craigslist for my target market indicating I buy houses for cash.I have gotten several responses and asked them a few questions via email prior to a phone call.SO for those experienced in doing this, what is your approach to vetting people prior to making a trip to their property?

We are supply short..very low on inventory.