I would be careful with flipping in this area.

@Sean Rhodes I'd be very careful working with a lender that says they will go 0 down on an investment property loan.

Not to mention (and YES< I'm pulling this card), that I have a very limited budget, have 2 young kids, and am 7 months pregnant dealing with this issue from the east coast while my husband works full time, me part time, while taking care of our children on a tight budget.  

The other constraining factor is I have a pit/lab mix dog which probably precludes me from renting most places.

Generally, if you're buying turnkey, you're getting a deal relatively close to market (unless it's a shyster, you need to vet turnkey companies carefully) but in a cash flow market with all of the management and maintenance and what not in place.

I didn't care for Rentometer and stopped using it but as  professional PM myself I use RentRange.com along with my PM software.

There will be a mortgage transfer as well, which will be taken care of through a refinance.Does anyone have any experience with this?

@Jessica Freese , Lucky you, this actually can be very beneficial for your taxes.1) If you husband makes less than roughly 100k,  the loss from rental can offset 25k of husbands' W-2 Income.2) Even if he makes more than 100k, Since you dont have a W-2 Job, with careful planning, you can qualify for RE professional status, that will help you use the entire loss from rentals against husbands' W-2 Income 3) You can convert some of your personal expenses into business expenses with the home office deductions, transportation expense ( mileage, depreciating computers, furniture, and other assets used for the rentals, and few more. 4) You can hire your kids and funnel money within the house if planned carefully. 

Screen the co-sign equally as carefully.

( who cares about the numbers on paper if people don't pay you rent ever. )I stay away from Below C areas.