@James Stout Local government, existing tenants and neighbors are just itching for new blood to come and buy these properties.  

Under the "you can't get blood out of a turnip" principle it is highly unlikely that the Deed of Trust issue will be resolved to anyone's satisfaction.Question: In the worste case scenario that HUD chooses to renig on our contract, would i have any options such as right of first refusal should they choose to sell the house at a later date?

This is typical American thinking that takes people down the road of investment suicide.Your best deals will always be off market deals that you have to find through your own sweat, blood and tears.

Ivan,You posted in another topic about an inheritance.I commend you for not going and buying a bunch of crap with it but wanting to invest it.I have seen some friends inherit large sums of money in the past that the grandparents and parents sweat blood and tears for them to have and did without to give them a chance at a better life.The friend was irresponsible and lived "high on the hog" for a few years and is now broker "working for the man".I think what you are underestimating is what it will take to do repairs correctly,the time involved,and how buying incorrectly can wipe out a large chunk of your wealth.Not knowing what kind of existing annual return you are getting on your money is a huge red flag.You have to compare the RETURN versus the RISK when moving money around or allocating a percentage of your portfolio of investments.If you don't you are "shooting in the dark" and might as well take a trip to Vegas and play the slot machines with your money.DON'T talk yourself into something and say "it's not so bad".That is what I am seeing from your posts and is the number one mistake of new investors.

Did the bank need a blood sample?

Dumb, maybe, but architecture and design are in my blood and like you mentioned, to some of us there is more to it than ROI.

Don't spell out to the public that you are a newbie, you attract all the sharks with your blood in the water.

Yes, the driver is under arrest pending final blood work.  

Finally, he wants to be paid in cash (but that’s not going to happen…he will receive a 1099 as an independent contractor whether he likes it or not).He provides no upfront capital or risk, I provide all the training, in place systems, financial and intellectual capital, contacts, legal entities, and accounting to make this business work…It has taken me about a year of blood sweat and tears to finally get it rocking at a good flow.

My text box is equally full and I get the message below:It was just crazy, my wife woke me up at about 1:30 this morning because of all the screaming and yelling I got up the girl was outside covered in blood and they wouldn't let the cops in so they left about 30 minutes later, we were going back to bed after they left and that's when Vaugn was trying to come in thru the bedroom window saying he was gonna shoot us so I warned him that if he came threw the window I was going to shoot him to stay out, the sons bailed and the police could not find them but the girl was there , I don't understand why Vaun is freaking out but his son came and talk to Steph and I around 9:00 and told us he hadn't slept in days and was freaking out,,, the cop that took the reports told us he was being airlifted to hospital because his eye was hanging out of the socket from getting beat by his sons and that his ribs had been broken...