If I were you, I'd find another agent & another area. Don't get me wrong, I LOVE it down there. My parents still live near there, but I wouldn't buy a piece of property there unless it was timber land, south of El Dorado!
Also, as an investor, you need someone to communicate with you on a regular basis. Not just about the property, but also about the economy. You should have no trouble find foreclosures, pre-foreclosures, short-sales, with the help of a good agent.
I work with investors buying & selling in Northwest Arkansas. Let me know if you would be interested in our area & what you are looking for. We are growing by leaps and bounds and are regularly listed as one of the best places to live & do business, but we have many properties under $100,000!
Thanks for using Trulia. Good luck with your investments!
Here are some of my FAVORITE resources
Get Real REI - http://getrealrei.com
Real Estate Guys Radio - http://www.realestateguysradio.com
FLIP: The Book "How to Find, Fix, & Sell..." - http://www.millionairesystems.com/msys/FLIP.html
Millionaire Real Estate Investor - http://www.millionairesystems.com/msys/MREI.html
I suggest you contact my friends at Century 21 Reed-Whatley-Moore in El Dorado. Jim Moore is very professional and knowledgeable and will not let you down. He will see your purchase to the end and answer your concerns and handle your request quickly. Tell Jim that John Hamilton at Century 21 HSV Realty referred you to him. Get the help you deserve!!
word of warning... el dorado has hit and miss neighborhoods. 60k to 70k range homes you need to see the neighborhood for yourself in person. 80k to 90k you can get a lot nicer neighborhood in el dorado. You might be able to buy a home sight unseen in that range if you can fly out from Cali. But not in the 60k to 70k range.