There are various programs for subsidized housing, most notably section 8, that can provide reliable income for you extra unit.

Here's your order of appearance:1 - Education2 - Money source/qualify3 - Education4 - Market Analysis5 - Learn6 - Sources or targets for buyers7 - Knowledge 8 - Sources for properties9 - More Money sources10 - ...I'm forgetting something,...let me see. 

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.-1- Hurlburt Air Force Base, Okaloosa County, FLAvg Price - $322,000Loan Limit1 Unit - $370,3002 Unit - $474,0503 Unit - $573,0004 Unit - $712,100Colleges & Universities NearbyUniversity of FloridaOkaloosa Technical CollegeUniversity of West FloridaTroy State University-Florida RegionNorthwest Florida State CollegeSilver Sands School -2- Fort Bragg Air Force Base, Cumberland County, NC Avg Price - $165,000Loan Limit1 Unit - $314,8272 Unit - $403,1253 Unit - $487,2504 Unit - $605,525Colleges & Universities Nearby Methodist UniversityFayetteville State UniversityFayetteville Technical Community CollegeTroy UniversityShaw UniversityUniversity of PhoenixGrace College of DivinityCampbell University-3- Cannon Air Force Base, Curry County, NM Avg Price - $160,000Loan Limit1 Unit - $314,8272 Unit - $403,1253 Unit - $487,2504 Unit - $605,525Colleges & Universities Nearby Eastern New Mexico UniversityClovis Community CollegeNew Mexico State UniversityMesalands Community CollegeEmbry-Riddle Aeronautical UniversityWayland Baptist UniversityWayland Baptist University-4- Beale Air Force Base, Yuba County, CA (expensive)Avg Price - $282,000Loan Limit1 Unit - $324,3002 Unit - $415,1503 Unit - $501,8004 Unit - $623,650Colleges & Universities Nearby California State University - ChicoSierra CollegeYuba CollegeWilliam Jessup UniversityBrandman UniversityButte-Glenn Community College DistrictCambridge Junior CollegeBrandman University-5- Hickam Air Force Base, Honolulu County, HI (expensive)Avg Price - $565,000Loan Limit1 Unit - $721,0502 Unit - $923,0503 Unit - $1,115,8004 Unit - $1,386,650Colleges & Universities Nearby Brigham Young University-HawaiiUniversity of Hawaiʻi - West OʻahuHawaii Pacific University - Hawaii Loa CampusUniversity of Hawaii at MānoaLeeward Community CollegeUniversity of Phoenix Hawaii CampusHawaii Tokai International CollegeWayland Baptist UniversityWindward Community CollegeHonolulu Community College-6- Langley Air Force Base, Fairfax County, VA (not interested)Avg Price - $768,000Loan Limit1 Unit - $726,5252 Unit - $930,3003 Unit - $1,124,4754 Unit - $1,397,400Colleges & Universities Nearby George Mason UniversityVirginia International UniversityGlobe GMUStratford UniversitySanford-Brown CollegeUniversity of North AmericaNorthern Virginia Community CollegeMy Advice: At first glance it appears that all 6 areas would be great for rentals becuase of the high concentration of colleges.

However foundation-roof-and all of the beams running through the ceiling/attic appear to be fine and untouched by the fire.

@Caleb Heimsoth agree and working on a few companies who offer fix n flip programs and bridge loans.  

I think cash flow will be sparse; if not, I'd be interested as well in seeing what Jonathan Boyle has to say.Low absorption rates, lots of new construction projects, and an influx of young professionals moving up from Hoboken and NYC Thanks for the info Robert, but if you want to 'make money when you buy, not when you sell', and place an emphasis on cash flow, then three reasons you mentioned don't appear to apply.  

If there are signs it's operating as a personal account (ie. cash withdrawals and , or appears to be (eg. expenses paid personally) your LLC, if challenged in a suit, could be broken and charges put against you as sole proprietors.

According to Chapter Five, “An outright gift of the cash investment is acceptable if the donor is- the borrower’s relative- the borrower’s employer or labor union- a close friend with a clearly defined and documented interest in the borrower- a charitable organization- a governmental agency or public entity that has a program providing home ownership assistance to low- and moderate-income families, or first-time homebuyers.”

Under this incentive program, only about 40% survived the transit.