HUD Property Information

[Robert Burns]

I'm looking at branching out in to the HUD market in my REI investing and recently downloaded some information from the HUD site. Below is real property information and I wanted to get some feedback from experienced investors and which data below is most important and what should I review thoroughly to help me understand the HUD market better for my REI. What REI strategies are best to work in with HUD properties.

Address: 7145 JUPITER DR
Price: $69,255
As-Is Value: $80,000
Bed/Bath: 3/1.5
Rooms: 7
Units: 1
Sqft: 1,298
Year: 1975
LBP Disclosure: Click here to view the LBP Disclosure Addendum
LBP Initial Inspection: Click here to view the LBP Initial Inspection Report
Type: Detached
FHA Financing: Insured with Repair Escrow (IE)
203K Eligible: Yes
List Date: 01/22/10
Property Condition: Click here to view the Property Condition Report
Status: Offer Accepted (on 02/11/10)
Broker: C C CLASSIC LLC
Confirmation: 8593832313525-841112594
Net Price: $63,716
Purchase Price: $69,255
Escrow Amount: $1,402