I own two properties and looking to new deals.As everyone knows, the current market on MLS is very competitive and then I am looking to a property through foreclosure.comhttps://www.foreclosure.com/I don't know who to contact because the agent contact information is not listed on the websiteIf someone knows how to contact the property and start showing, please share with me how to make showing appointment.Leo

The market has definitely gotten more competitive, and it’s common to see BRRRR deals over $250K, especially given the high demand/appreciation in the area.

Nashville’s market is competitive, and not every deal will fit the 70% rule exactly.

@Margaret Buoncora I have never done it but renting individual rooms could be an option if competition is increasing in your market. 

It is still competitive , but as with all markets there are always deals to be found.

This website (https://www.affordablehousing.com/housing-authority-mi/) allows you to compare the average price, condition, and size of homes available for Section 8 rentals.

If you look at the surround areas of a metro there are usually still inventory with less competition. 

Have a conversation with your property management company well in advance of any transition to ensure you are fully aware of all terms and conditions.

Thanks for any help’ Yes we're licensed there and FHA guides in one state apply to all states unless a state has a specific law that supercedes the FHA lending guideline.FHA is always 3.5% down minimum (in some cases less because you're using a DPA or down payment assistance program or 2nd lender to put down over all a lower down payment than 3.5%, Aka for instance 3.5% DPA + 96.5% FHA = 100% financing but just dont kid yourself this is fully 100% leverage and to be used with caution and carefully).In the case of 2-4 unit FHA is still 3.5% down payment @Matthew Kwan @Carlos ValenciaThere are rules regarding FHA such as:- primary residence - you must occupy one of the 2-4 unit property as your primary over 50% of the year and the underwriter needs to believe you will remain and have the ability to live in there, any deviation from this and you'll get a whole laundry list of conditions asking you to prove why you should be believed to be living or will live there (if this arises dont be surprised, it just means the UW doesnt believe you).- SS rule - self sufficiency rule - gross rents of all potential units 2-4  X gross rents at 75% needs to meet 1:1 or 100% of the monthly PITIA payment or greater.

You also have to take into considerations things like appreciation levels and the current condition.