That way, you'll be an expert at that niche and not waste your efforts.

I'm no expert... just trying to offer a little help.

I drive a different area each weekend just looking around and I think Dothan would be more stable from an economic standpoint.

I'll let one of the numbers experts address the financials of the deal, although at first blush it doesn't look unreasonable.But I think you're asking for additional advice on the RISK of the investment, based upon your personal financials.

Given that, I'd rather make sure my experts do it right because if they screw up there IS case law protecting me.

I've read where some experts are saying Florida and Texas are 2014 hot real estate markets, so you may want to look into those areas.

Is the area experiencing economic growth?

I'm no expert in this arena but I know the rules can be very tricky so be sure do get educated on this topic before you ask a single person for money.True, $25k probably won't get much of a deal although I'm not familiar with your particular market.

Yes, I understand construction types working I also understand the velocity of money and the economics underlying RE activities.

There are a few experts in these forums that could tell you, but you have to mail, and mail, and mail, and keep mailing to probates because you never know when the executor will be able or ready to sell the property.