One is probably for another zip code.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbooYou might consider Niche or Specialized Housing like student housing.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookYou might consider Niche or Specialized Housing like student housing.

You also need to be aware that HOAs can and do make special assessments.

Mortgagor complaints: The mortgagor might find some defect in the property after taking possession, such as a leaky roof or rotten siding, an environmental violation such as heating oil residue, or a zoning or building code violation – and stop paying until you fix the problem.

You do have to adhere to a code of ethics especially if you have to represent yourself.

I would strongly suggest you hire an attorney that specializes in evictions, as I once learned the hard way.

I've worked with Williams, Zinman & Parham:https://wzplegal.com/They are an AZREIA sponsor, specialize in RE investing and the attorneys are investors themselves. 

The basics are you find someone who will sell a house at a discount because of the condition of the home or some other special situation like death or divorce. 

You might consider Niche or Specialized Housing like student housing.