I don't think the typical sub-to deal would lead to equity skimming because they are likely close to foreclosure and there isn't enough time to rent the unit back out and make money allowing the unit to go to foreclosure.

Purchase price: $814,000 37-Unit - HUD Section8 HAP MultifamilyOverall the project was situated decently well at closing, occupancy was mid ~85%, and overall the property was in very nice condition.

Based upon my research findings I might also start thinking hard about that heater.So, the seller can come after me for the loss of income as a damage since we both agreed that the tenants would vacate at the time of closing even though there is no closing now since my financing fell through. 

I will say we are way out of town with just a small market close so it makes sense to have a fully loaded house.We only provide 2 small soaps and 2 shampoo bottles in each bathroom.

Let us know numbers now or when the deal closes.

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate) AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC/ LLC taxed as an S Corp, or an S Corp.

What are some things I can do after going under contract to lower closing fees?

Me and my clients all use a low money down conventional mortgage (as low as 5% down) with NO PMI and extremely low closing costs. 

I was able to list it on Airbnb within 2 weeks of the closing date!

If you can’t “always close” on every home you put under contract, aim for 90-95%.