It's normally each individual housing space.

I'm trying to get that first foot in the water from a few angles.

Do you know if there are any specific requirements to qualify for an FHA loan as opposed to a normal mortgage?

If your offer is more than the bank's payoff it will be easy - but these properties rarely go to auction because an owner can normally sell them first.

Inventory is there, but really has come to normal levels the past 2 years.  

Willingness to prepay is normally a red-flag, suggesting job insecurity of the applicant.

Free event covered by a few sponsors (I hope we get a few more so I'm not footing the whole bill, but I will if that's what it takes to get the ball rolling).You can RSVP here: http://www.meetup.com/real-estate-investing-club/I'm shopping a few locations in Katy, if anyone has any recommendations (to fit up to 200, adequate parking, and enough seats).

Neil, I agree with @Luke Foote you need to figure out what it is you exactly want and how much time you can commit to this business, There are plenty of people here in Lincoln to partner with on flips or buy and holds.

Lower price is not always better. 6) We can build a high-end finish home between $100 to $145 a sq foot for vertical construction costs depending on factors such as dirt and slope.

If you buy homes that are 6 bed/bath and larger, you start tapping into all the normal, non-vacation travel such as reunions, business travel and meetings, celebrations, holidays, weddings, etc.