Being a Section8 HUD building, there was an immense amount of paperwork and due diligence that was required.

Did you know that Fannie Mae recently lowered the required down payment to 5% for owner-occupied 2-4 unit homes?

Real material cash flow is basically 50% of your net income.Cash flow is a metric that requires a debt ratio.

Something that requires heavier rehab, or just cosmetic?

Local banks typically offer lower interest rates but might require a solid track record and detailed financials.

I was thinking the same thing about requiring 1-2 points upfront and 15% return. 

From there, it requires the ability to conduct underwriting the highest and best use of a planned project, which requires a pro forma built by the user or acquired from a competent 3rd party. 

@Carini Rochester I agree with Greg but to be clear Good Cause does not require a landlord to provide free housing, it just forces them go through the onerous and expensive and lengthy process of actually going for non payment eviction instead of a hold over proceeding, when the landlord knows that a monetary judgement is worthless and just wants possession of their rental unit back so they can fix it back up and rent it again hopefully to a great tenant.Also the problem with all this is that from 2019 to now, landlords have gotten used to having economically or physically vacant units and have priced that risk in. 

Actual foreclosure is on the East coast a Sherrifs sale and you can google the state and sherrif sales and the rules will be on the websites.. but its one of two process's either it requires a non refundable deposit if your the successful bidder or you need full cash at the sale.

It requires careful planning and diligent execution.