Placed another 8 unit portfolio under contract in early March, unfortunately contract expired on April 23rd, couldn't secure favorable loan terms that wouldn't allow portfolio to meet cash flow numbers because banks changed lending practices due to Coronavirus pandemic.

Most of the legit investors I know won't buy those deals out of principle, regardless of terms. 

It could save you thousands of dollars of expense and time in the long run avoiding testing every two years.

Quote from @John Brown: Quote from @Katie Miller: Are you saying you would long-term rent it from your friend and then run it as a short-term rental? 

💪Flipping in C-D areas is smart for avoiding long-term headaches, especially when it's not worth the upkeep.

Although whichever option you go with make sure you're also thinking about the long-term property value and what makes the most sense vs trying different angles now that negatively impact future resale/property values down the line. 

I would like to find a mentor/agent who has experience with Foreclosures (HUD) who would be willing to answer questions and work together in the Phoenix/Scottsdale area.I'm on a new journey in life and finally taking steps in the Investor direction... something I should have done a long time ago.

I’d love to hear more about what you’re targeting in terms of property type and location.

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I assume you know at this point but in general, the goal is the screen for a very good tenant and keep them there as long as possible.