One of the things I'm trying to figure out is if I'm better off getting a few lower cost properties or on higher priced property. 

That would mark the third rate cut in a row, a full percentage point lower since they started cutting in September.

Look into local tax incentives and financing options, and reach out to local real estate groups or mentors to better understand the market.Good luck!

So I wouldn't hurry to jump into a program right away, but take time to learn your options and find one that fits the strategy/location you want to pursue.

I think you’re under a misconception that’s leading you to think you have options you don’t…You say it’s worth $1.1M and you’d net $500k.

I am looking at different loan options but to break even (not having to put any money of my own in the house after the initial down payment) the current down payment required is that much. 

.: Quote from @Stepan Hedz: Phoenix, AZ, offers a young myriad of options for real estate investors, particularly in the distressed sectors.

You really to examine your options with everything and be very choosy who you let run it for you!!! 

Give them a couple of options, they already know the unit got foreclosed, most people move to avoid the hassle. 

There are also some benefits to leverage such as tax breaks that lowers the effective cost of borrowing the money.