While condos might be all someone can afford to owner occupy or invest in enter at your own risk and if they are talking about future special assessments you will likely scare future buying prospects away. 

How many does she do in a year?

In my experience in this market almost no one is doing them.

You are defiantly in the right place for the sake of networking.

     Firstly, this post is for anyone and everyone who hasn't had the opportunity to properly introduce themselves in the BP community.

Anything you buy in a reasonable area is going to run you $70k+ all in.

Another example of this is the reduction in new construction starts for residential over the past 1-2 years.

You could be a private investor for a house flipper, but then you would be the bank and I am not sure how that would sit with your faith.I would park the money in index funds if you can't do syndications just because you are restricting the possible use of your money in real estate.

What are the trends showing in the 78747 area? 

In that case you would be buying the house subject to that existing mortgage and borrowing an additional $100k?