I recently represented a buyer of a foreclosed reverse mortgage property that was also owned by Fannie Mae, it was very technical to say it nicely....This article was the most helpful in preparing myself and my client for the process, and I knew a few things the selling agent wasn’t aware of because I had read it: https://www.linkedin.com/pulse/what-hud-guidelines-24-cfr-206125-timothy-bethel

Francis Dinh this a Negatively Cashflowing property.

@Timothy Curry I do not think these are bad properties that you are looking at.

@Timothy Woodland Selling a multi unit with a lease purchase is plausible but not the most practical.

@Timothy Smith, with the work needed and the low rents, I actually wouldn’t go higher than $80k on this place! 

@Francis Ifeacho what we do is post a notice on the door saying "Notice to vacate, if we don't hear from you in 5 days we will assume the property is vacant and we will change the locks" The goal is simply to get them to call, so we know if someone is in there. 

@Francis A. when do you think it will come to an end though?

@Rich Lau@Timothy YenHi boys. 

Timothy, I would look into weather or not you are even going to be allowed to invest in oki.

@Timothy Yen In your loan scenario lender will calculate rental income.