For properties that qualify (income limits  by census tract & no high balance), it's a better deal than FHA for various reasons. 

My homework for today is to look at all of the links you provided and digest the information. 

City-data.com has some interesting maps, including how much median income in a census tract has changed since 2000.

It is a ton of information to try to digest in one week.

Welcome,Once you've digested the BP info and settled on a strategy, maybe we can JV (sorry, forgot you were newer than new... 

I haven't cut a deal yet but I'm learning and digesting all I can.

Here is an example:"TRACT 16 OF THE PROPOSED JEWLL ESTATES AND FURTHER SHOWN AS PART OF THE NORTH HALF (N 1/2) OF THE NORTHWEST QUARTER (NW 1/4) OF SECTION 11, TOWNSHIP 20 NORTH, RANGE 33 WEST, BENTON COUNTY, ARKANSAS, BEGINNING AT A POINT 717.02 FEET SOUTH 89 DEGREES 21' 44" WEST OF THE SE CORNER OF SAID N 1/2, THENCE SOUTH 89 DEGREES 21' 44" WEST 196.48 FEET; THENCE NORTH 663.32 FEET; THENCE NORTH 87 DEGREES 58'41" EAST 196.59 FEET; THENCE SOUTH 688.07 FEET TO THE POINT OF BEGINNING.

I am giving you the readers digest version on my dinner that I hosted in Buckhead Atlanta with these guys..

Go with your firm to these meetings on their projects.Read all of the ordinances and keep digesting them.Understand Property Taxes.InsuranceJoin BP real estate groups or others in your area.Attend all development and zoning meetings. 

This does depend on the neighborhood and what census tract it's in, as companies like mine have access to special financing in certain census tracts.