Here are some details, from a non-HUD site and from HUD. 

Quote from @Trent Reeve: i would think they would have more amenities than a non-condo.I think the reference was how do you stand out from one condo to another when they are all identical, vs how do you compete with single family homes.

In addition, the Grantor will probably be required to sign the same seller's affidavit that are needed for a non DIL closing. 

I spoke to them about 1.5 months ago and since then they have been non-responsive that makes them look like not the real deal and I'm wondering if they are still around and active and good?

I have landlord policies for my rental properties in TX and AL states, but I am not able to get an umbrella policy form my current insurance company, because I do not have car insurance and primary residence in US, as...

Syndicators do not collude with each other to keep returns to investors down.

My way of thinking is this is non recourse. 

Because the property tax as a non-owner occupied property is about 3-4 times the amount of a owner occupied property.  

Hi Ryan,Typically construction financing isn't based on your taxable income and rather more contingent on your experience, FICO and the deal itself.

@Matt Smith the reality is that Chicago is full of "non-conforming" units.