You will learn a ton from this diverse community of real estate enthusiasts.By the way, we own and manage around 20 small apartment complexes (5- to 25-units) in the area.  

As of right this minute there 378 HUD owned homes for sale in the State of Florida...Everything from a 4/2 in Jacksonville for under $ 20,000, to a large Victorian in Walt Disney's "hometown America" community of Celebration, FL for just under $ 400,000.If you are a new investor, find a Realtor that is HUD approved and take a look at the diversity of what HUD has for sale.

These would be areas where there is little to no diversity among properties, maybe in a very large and new development or, as another poster pointed out, where location is the only factor.Not all, but the vast majority of markets in the US are diverse.

I'd prefer somewhere that's a more stable, somewhere has a more diverse economy.

My background is somewhat diverse, as I've worked in a few different industries: Higher Education, Healthcare and Finance.

Yup, I also don't think the prices in Houston will be affected too much due to its diverse economy.

Growing population and diversity are important.

Houston's economy seems to have a much more diverse as the housing market has not been affected as the experts claim that it would be at this point.

But I do get a diverse cross-section of humanity. 95% of the time, I never even make contact except through emails, and about 1% of my guests must be ninjas, who show up, sleep in a bed, and vanish. 15 minute cleanups are the best!

Locate your properties as close as possible to a diverse city that is growing in population.