The property is appraised at 900k. 1AC building lot should fetch about half million.

@Josh Rodriguez Here are some resources to help you analyze different markets: Census Bureau: American Community Survey (ACS)  The ACS was launched in 2005 and is administered every year by the Census Bureau to roughly three and a half million households in the USA.

Luckily this was a newer home and I really had no issues to deal with and my tenants were able to cover the mortgage, taxes and half my insurance on the property.

This apartment building is located in a great area and quiet neighborhood where other million or half-a-million dollar homes are at.

@Justin Miles - congrats on the move!

For over half a million bucks?

You can sometimes get around it due to unique circumstances like job moved 50 miles away, relationship change (getting married/divorced), etc ,but if you have all of your life variables the same, it is just one year, and then you can buy another property.3) You can only have one 3.5% FHA loan at a time unless you have good reason to get another (see point 2 above).

But others do it before work, after work and during lunch (early and late lunches too) and maybe around some half days at work. 

@Antoine Pippens I believe one of those "loopholes" is if you have to move further than 70 miles from your current residence for work.

I currently am doing a 1300 sq ft 2 bed, 2 full bath, half gut with all new electric, new framing, mostly new drywall, move a structural wall with nice finishes for $80k.As for where to find cheap labor, Home Depot, Floor and Decor, and just searching google and calling.