Which if calculated with the guys I know who do, will put me in the red.

If I like them after the first year lease I roll out the red carpet to get them to lock in for a 3-5 year lease. 

Try Red Door Funding.

HUD, Fannie Mae, Freddie Mac, and other REO properties are really no different from any other - the rehab numbers and the ARV still work the same, and every property has to be considered on a case by case basis.The only different hassle with HUD properties really is in the red tape involved in working with HUD servicers such as HomeTelos and BidSelect - each of which bring their own quirky rules with regards to processing the contract and closing.

When the CR comes back, you get validation ofaddressesSSNany falsification raises a red flag. 

A red flag for me is the agreement up top is from 2009.  

Any cautions or red flags I need to watch out for? 

@Robert Andrade  mortgage originator is the person you need to talk with.. they can fill you in on the FHA questions. etcbottom line is seller carry back is whatever you agree too..some sellers want a premium interest rate  because there is no real red tape.. others may have a troubled asset and just want to get rid of it. and offer a very low rate.. just depends on what you all agree too.

Red tag in hand, everything was halted. 

The bureaucracy and red tape of the Housing Choice Voucher program, you do not want to sign a third party governmental contract, be subject to the inspections, the time of waiting for the process, something other than discrimination against the potential applicant.