Engaging with seasoned investors and participating in discussions will expand your knowledge quickly.

You really have no idea how helpful all these little tidbits of knowledge are.

As everyone should see from the above posts, investing in real estate, especially foreclosure and tax sales, REQUIRES a working knowledge of legal aspects that can possibly affect the purchase.  

I'm still in reconnaissance mode... so need to collect as much information and knowledge as possible before deciding what to do.  20-80 is more of a rule of thumb and not a "magical" ratio.

Most of the time they are quite knowledgable.

Thank you so much for sharing your thoughts, experience, expectations and thorough knowledge about locations.

You can be told one thing & the PM can continue to cover it up without your knowledge.

Overall kinda ok area, but either you have to be pretty good at landlording or have a very knowledgeable in THIS particular area.

@Jay Hinrichs you live in Oregon, what's your knowledge in this area?

I’m local to the Amarillo area and would be glad to provide local market knowledge if that would be helpful.