Here's your challenges:1) Owner is either lying about there being no leases, is totally incompetent or, the worst, is a slumlord trying to take advantage of tenants.--- Which means he's trying to take advantage of you!

My primary concern with two separate leases is that it would be extremely challenging for you to remove a tenant via eviction for any reason because technically it is one unit.My recommendation is to provide one master leases signed by both groups of occupants.

The challenge is getting to the house that doesn't look distressed. 

Probably any one of those 3 is a challenge for Section 8 recipients.add all 3 together and it will be near impossible.

Challenges?

In short, getting the place restored was akin to remediating damage from a natural disaster.In the trash and belongings abandoned by the tenant, he also left the OM for his healthcare real estate endeavor, nasty-grams from the IRS about his personal taxes, and collections letters from several creditors after him.I got burned here and so did my property manager.

Quote from @Noah Applegate:  This is the challenge buying off market from a wholesaler..

@Rashim Sharma your biggest challenge will actually be finding a lender.There are two banks that have offices in USA and Detroit that often will lend to Canadians buying in the USA.Can refer you to a Tax Attorney here is the US that has hundreds of Canadian clients with US properties:)

I have previously completed a fix-and-flip project, which, despite a few challenges, was successfully sold within 30 days of listing on the MLS.

There are some partnerships that are designed by nature to be short term, so there’s not as much to lose if things don’t turn out rosy.