You can purchase if paying cash but as the others stated it may be very difficult to get a loan.
The first problem that may come up ... more
the best way to search for home that does not require HOA will be 1st to contact a local real estate agent that can quickly search from a MLS for such criteria.
I like this DMN article...
http://www.dallasnews.com/news/community-news/co ... more
It all depends on your investment objective and the timeframe.
I own many single family residential and naturally based on my experience, I specialize in this area. B ... more