Hi Leo, its been years since I closed on a HUD property but you close on the property as soon as title is ready like any other property.  

I have two properties (exact same property just across the street from each other) one is a seller finance that is coming to the end of its contract for balloon payment and the other is a fix and hold Interest only loan that is also coming to the end of its contract for balloon payment.

And if something pops up later such as unpaid material man, or a couple of subs who received no payment and did not provide lean releases- do you go after the contractors bond money after filing for a court order to do so?

Rents will go up.

You are preaching to the choir @Ben Fernandez! 

There will likely be dozens of follow-up calls so don't be discouraged if you can't close someone upon first contact.All the best!

But IMO the risk does not come from leverage.

Quote from @Jerry Zhang: HLets meet up for coffee what strategy wlare you implementing now? 

Quote from @Blake McWilliams: Using and running a CRM is what you need to help the business you have in real estate grow.

It seems like the worst choice.