I don't need cash flow right now, I'd be more than happy just living for free and getting equity in this market. 

She paid $115,000 about 7 years ago, and lived there up until a few months ago. 

How easy is it to refinance in 6 months once people are able to live there, we have rent roll etc?

You'll reap the benefits in the long term when it's more widely accepted by renters here with the cost of living skyrocketing (it's a little better in Tucson compared to PHX, but still).Best of luck my friend! 

An option to purchase could be a duplex to house hack, this can help you bring in extra income, and/or if it needs rehabbed you can live in the property while you do the rehab. 

Managing a property means you sometimes have to go through uncomfortable conversations.

According to CBS 17 News, Raleigh is the #2 hottest real estate market in the US and Durham is #4.You could even invest on the outskirts as well because I know some people would not want to live directly in the city.

Each time on the first two I have bought in my name, renovated one side while living in the other, swapped sides renovating while living in the other, then rented out both sides when moving on to the next project.

She of course is in a very different market than you are and it is a house she is living at.

Hi all, I'm looking to invest in this area because it's close enough to where I live (Orange County).