Department of Housing and Urban Development, Hispanic homeownership reached a record 49.5% in 2005, and two million more Hispanics are expected to buy homes in the next four years, according to data from the Toms Rivera Policy Institute at the University of Southern California.

You will also need to analyze such things as the demographics of the area, the building's major components, to see what major systems may be beyond it's useful life, like the water heaters, etc..There's just so much to analyze that I would need to see the actual deal to say if I would personally buy it.

And recently there was some major law suits against the company Haliburton.

i live in person county just north of durham. as far as what field... i havent even gotten my feet wet yet. i see all these little boxes sitting around with all the book/catalogs in them. such as the real estate book and homes and land. i get a new one every month. i am looking into the feild. im college i did take a small business class. but my major was unrelated to real estate. so i guess i am looking to start at the ground and work up.

I'm just a little uneasy about sinking the vast majority of my funds into my first deal.

All Cash, I understand that your method is solid and sound, but I am just not sure how practical it is for the majority of newbie investors.Mine is just another perspective.

Most of the time you will be dealing with someone who is not the most responsible type of person, but its nice getting the check from HUD or rather in Amarillo it comes from the city housing department.

It's in a major city near their university.

Now in reference to the "Market" you're sending them to, with my personal exit strategies, the majority of active MLS listings won't work for me, and I haven't ever done a mail out to active listings to be able to judge possible response rates.

Ha, good call.. didnt see the location ;)but yes, 100x100 downtown would be workable, and 770K per ac in a major city is cheap..