If there’s a real problem with the system, it stems from the difficulty of actually EXECUTING an obtained judgement.  

Sure if you dont have your own 3-5% down payment then yes use DPA if you really want to buy.After going over the pros and cons typically our FTHB'ers or first time home buyers end up getting a gift or bring in their own 1-2% down + 1-3% gift and end up with 3-5% down payment and borrow at regular FHA/conventional rates (avoid the DPA program rates).This is actual experience.

Quote from @David Waite: As someone who actually invested in these notes - perhaps too much as they comprise almost 15% of my investable assets - I am also worried about where this is going, and kicking myself for making a decision based largely on reputation with only a cursory review of what I was signing up to.

I've flipped homes and land several times in my life...but it was actually unintentional believe it or not. 

If so, appreciate if you would indicate the actual cost for your project.Hi Louis, No I did not move forward with this as it was cost prohibitive for the moment.

Unfortunately, you said some magic words that chum's the waters so que the "please contact me PLEASE CONTACT ME" replies vs actually answering to what you posted...... 

A few months after I finished my campaign I got a call from someone who kept my letters and we actually closed a deal.

If I am losing money on LMHA as a landlord then there should be 10x that number of good people losing their vouchers because they cannot stay in good standing with the excess failures the system has at present. 

If anyone does have a property in the area, I’d like to connect, I have a seller financing deal currently under contract which I will have to terminate cause I didn’t do the due diligence on the actual section 8 FMR. 5k burned.

Now because of the rate being so low I can actually cash flow with this deal.