I would agree with @Larry Fried that property inventory is very low, which has impacted turnkey providers. 

I don't really see HUD getting to involved in a residential equity fight or foreclosure, unless there is an issue for bigger fish to be fried, like investors being scammed and such notes were given as collateral for other investments.Buying a note from an individual usually doesn't give you much to fall back on in the event of fraud or omission, they get the money and spend it, how would you force them to repurchase the note if they don't have the ability to do so....The proper origination and compliance of origination can be covered in the purchase contract for the note, a repurchase required if the note is found to be worthless, but look to the ability of that broker or "institution" to do so.On any note originated after July would need either the seal and number of a MLO or the Bar number of the attorney who originated the note for me to be comfortable, perhapse if I had true copies of the transaction and could show clearly that the seller was exempt in that transaction, I'd consider it.

Replace plastic covers on windows.PP- 99000 conventional financing, 20% DP 19800 Closing Costs- 5000 Rehab Cost 35,000-40000 Rent- 1500 x 12= 18000 Property Taxes- 2912 Loan- 79200 @ 5.625% (PITI 773.59×12= 9283.08) ARV- 150,000-160,000 Insurance- 900 Repairs- @ 8% 1440 Capex- @ 8% 1440 Vacancy- @ 8% 1440 1440×3= 4320 PM- @10% 1500 4320+1500=5820 9283.08+5820= 15103.08 18000- 15103.08= 2896.92 2896.92÷12= 241.41( monthly cashflow) With all these repairs, is $50k a reasonable quote?

Basically they blow a plastic material down the existing main and let it cure inside.

Mark Fries , 40 SFR, that’s impressive!

Kitchens can get totally coated in surface grease in 2 years if someone fries food at all.   

thanks @Larry Fried!

And thanks for the advice @Larry Fried, after we get a little experience under our belt and are looking for more passive investments, turn key companies sound like a great way to still invest!

@Larry Fried it's a great place to be, thanks .

If you do turn on the electric make sure the hot water heater circut breaker is off , so the elements dont fry .