Hello everyone,I'm new to this group and would love to hear your thoughts on the pros and cons of purchasing a corporate or bank-owned home. What should I keep in mind to ensure I'm approaching it the right way?Thank ...

@Jonathan Baptiste Have been house hacking before it was a thing, 29 years to be exact.

Lots of old houses valuing over 500k and up to 1M (local house price in my market is 167k).

Anyone in NWA looking to house hack a 4plex?

We currently own the house we live in and would rent it out upon moving into his house. 

It’s commendable that you’ve been successfully on the HUD-VASH program for 16 years, and it’s understandable that the current housing challenge is frustrating.

House gets foreclosed on when a borrower is not paying its debt obligations - typically its mortgage.buying foreclosures is not for the faint of heart as you have no idea of the interior of these properties lastly while it can be beneficial also realize if there are a lot in an area those homes are the new comps when trying to sell so it lowers home values in an area 

I love that you have an interest in house hacking. 

It is a 4 bed 2 bath house built in 1990.

House hacking is a great way to reduce living costs while building equity, and BiggerPockets is a great place to network and gain insights.Good luck!