See if the area is heavily rented or if it's mostly owner occupants.

if you buy as a owner occupant, 20K converted to 5% down is about a 400K property with the seller paying closing costs.

After reading the Occupants from Hell thread, I would approach a situation like this with extreme caution.  

OK, last week I found a house that looked good, but was listed as " Non-Profit", so I could not bid.This week it goes to " Owner Occupant" so I could bid, ( as an Invester)but if somone that wanted to live in the house , bid lower ,would still get the house.Next week ,or so it should go to " any and all bids" if it were still avalable.and the highest bidder would get the house as long as the bid was high enough for them to accept it.

I would focus on occupancy instead of weather.

I think he's saying that houses that are fixed up to be sold to owner occupants are getting turned into rental units because the owners can't sell them.

Nearly 60% of all occupants of HUD properties are illegal. 9. 21 radio stations in L.

They allow a non-occupant co-borrower.

.• Occupancy scheduled for 2010Any more thoughts?

Holding property for long-term wealth is where all true real estate investors will land, regardless of how they started...Here is what I did when I started:Bought a single family home with an FHA loan 3.5% down and certified owner occupant.