It has not been favorable for both parties.

The worst part is that it's usually way too easy to get your license, and the consequences for these sleazy agents are usually non-existent or not harsh enough. 

The important part is operating it properly. 

An example, a small down payment initially, but the note has now seasoned for 60 months with on time payments documented by a third party servicer.

Single night stays in a crowed city are a guarantee for a party.

But any improvements are at your risk.. the redeeming party just owes you your cash plus in our state 9% and any VERIFIABLE expenses you paid to protect the asset.

.* FHA loans require both parties to owner occupy for 1 year* A 203k loan is not a first time buyer program, you can own a home and still use the program as long as you live there* The loan must be made to a person, not an entity. 

Perhaps a nice 1950's built bungalow.Always hire a 3rd party property inspector to give you an unbiased feel for the home.

And ALWAYS have a 3rd party Inspector do the inspection as you can never trust people with conflict of interest.

Now the tricky part is creating your underwriting standards and system.