Whatever criteria you adopt, be sure to stick to it.Find a lender that you can shadow or work with if you would like to cut the learning curve. 

.- Investment Lock-Up: While there’s a chance your funds could be tied up for a bit, if the property is well-designed and in a desirable area, you might see appreciation that allows for refinancing sooner than you think.Buying an existing property:- Less Risk: Existing properties come with a track record, so you can analyze their performance and potential more easily.

Most of the unsuccess stories can be tied to bad "turn key" single family home investor companies in which you didn't work with a buyer's agent that specializes in KC multifamily.

They shouldpull these protections off the books or vastly rewrite as these havefailed us all.Respect37Replyother comments....Inreply to NPWarriorAdd:Eliminate publicly funded lawyers whose sole mission is to tie upvalid evictions with obfuscation and delay.

Everyone loves saving money until they realize that they were cutting corners and being cheap.

If it was me, and I found another opportunity, I would cut my losses, especially if you can't fix the physical issues.

If you get the appraisal back and there's an issue with the value, you can sit down with builder and see where you can cut back on your costs.Side note.

Listing your father in law as the builder will not tie him to the loan.

(It is due to a tree that the city grew and will need to be cut down immediately to remediate the problem). (12k for the replacement of pipes and ~5 kfor tree) 

This might be due to subsidy or assistance programs where payments are deferred or not required under certain circumstances.Verify Loan Terms:Contact the lender or servicer handling the HUD loans to get a clear understanding of the terms, especially regarding interest, payments, and any special conditions tied to these loans.Consult a Real Estate AttorneyGiven the complexity of dealing with multiple HUD loans and the potential implications for your “subject to” deal, consulting a real estate attorney or a knowledgeable real estate professional is highly recommended.