I assume she is looking to buy as a 2nd home .If she has good income and has most of the $35k to invest ,she surely can afford a property more than $60k which is a better way to go for the best value.
There are some good foreclosure properties in the different zip codes at the $150 k-$250k range.
Most lenders will want at least a 20%-40% downpayment for an investment property
,but the HomePath Program has only a 10% downpayment and sellers contribution up to 6%... a great deal . So the down payment could be as little as $15k to $25k . I am a HomePath Agent and have experience navigating the procedures etc.
If interested in finding out more contact me.
Florida Real Estate Instructor
If she is thinking that a $60k unit will go for a low offer of $35k then the answer is NO.
I have a great unit in the Miami Lakes NW Dade area. If you would like to know more feel free to contact me.