@Federico Gutierrez & @Mark BroganLet me clarify a few things as well.

Thank you @Mark Ainley and @Ashley Pimsner.  

@Mark Nolan thanks. 

Thank you @Mark Brogan; I have read of that approach and i am familiar with it... question is, how would be able to purchase it?

Mark  

personally, i like the real estate market in florida. like any other state, there are good an bad areas in florida, i am sure, so you would have to scope out the areas you would like to invest in and see what they hold for you. take a vacation to an area that you would like to invest in and drive around a bit. if it looks like a bad area, mark it off your map. if it looks good to you, do some research on the area. look for vacant houses. talk to the locals, etc. then, make your move. i would not invest in an area that i am not close to. keep it local. if you get a new job in the same field that you are in now, FHA will consider it the same as if you stayed in your current job because it is a related field. the big plus, the weather. here in western new york, we get about 4 months of the year where you can do decent outside work on a house, then you have to fight the weather for the rest of the year just to get a place finished. and lets face it, you will be rehabbing a house, so why not go to an area where you can work on it nearly year round?

I'll mark you down in the capital column.

@Mark @Mark Nolan thanks for the welcome and taking the time to read my post!

@Mark Ainley I appreciate the response.

Will do @Mark Nolan & Thanks @Steven Hughes.