Failed REAC inspection

[Joe Montone]

Hello All,

Does anyone have any experience with a failed HUD REAC inspection? Long story short, we purchased our first HUD building at the beginning of the year. We address routine maintenance issues, but the property was in pretty poor shape and we failed our first ever REAC inspection this summer. We didn't know what we were getting into at the time, and now find ourselves having to complete a Management Improvement and Operating (MIO) Plan.. Yikes!.. and bringing the the property back to HUD standards..

Does anyone have experience in a similar situation, specifically creating an MIO plan?? 

Thanks guys!