@Steve Powers is correct that these were mostly originated as owner occupied loans.

Hey Makani, you should check out DSCR loans, which are primarily for investment properties and focus on the property’s income potential rather than your personal income.

If it is with HUD, did they foreclose or is HUD servicing the loan? 

Looks like there will be some grants and loans to assist SFR and duplex owners only in the form of a lein on your property.

I ran my own custom proforma for a bank loan using the asking price that would generate a cap rate over 10% and CoC just under 20%.

If you're wondering if rates are too low, raise them a hair in advertising and see if your number of inquiries drop.

I know that interest on the acquisition loan can be included in the cost basis since it’s inventory.

Another pro for a HELOC is not having to meet a HML's requirements for a loan (insurance, draw schedules etc....)

Please, no solicitations.Use the renovation/acquisition loan products that require 10% down on the purchase and you should be able to get a few going at a time.

Build - rent - refinance -repeat. in columbus ohio you are buying old houses that are 1900 or 1920 or 1940 and you are in a sellers market. on the other hand you can source land which is a buyers market and build single family homes or duplex or triplexes that will return by renting and pulling cash out on a DSCR loan and doing it again. there aren't a lot of strategies that do this. flipping is different. so many risks. but when someone has a well oiled machine it's all good and less risk.