Keep in mind that inexpensive properties are inexpensive because they are less desirable properties in less desirable areas and attract less desirable tenants.

Keep in mind that assessed value isn't market value most of the time . 

If you don't mind me asking, who's running your numbers/proformas for you? 

I am more likely to take a risk, but i suspect when my husband is out from under a controlling baby mama, he won’t mind a little risk either.I love Texas, try to vacation there often and my husband is aligned with Texas farm property as a ten year long term goal.I’m also passionate about the trades and if i could do it all again I’d be part owner of some kind of builder or remodeler or specialty trades business. 

I recognize there are other ways I could invest this cash (including another property) but I am being mindful of levering myself out too much in the current environment where job losses are more common in my industry (tech).

Do you mind sharing your experience with BAM Capital.

The only other option I see is a short sale, if you don't need to purchase for a few years and don't mind a temporary credit hit to save the $60k.  

It’s such a great resource for learning and connecting with like-minded investors.

The insurance payouts over last years, it's just a mind boggling amount.

Btw, would you mind sharing your analysis spreadsheet for your new construction?