When I tried to get it when my side of the family found out and tried tp take over reverse mortgage payments to bank because she had died it was to late so they sold the house to Hud and then other reverse mortgage companies but a relative still lives there so they can't kick them out.

You could have bought a house, or several, that would have doubled in value.

In 2024, 47% failed to sell even 1 house.

@Adam Luepke - Great first house hack! 

I am trying to hire a licensed REA for my LLC to perform occasional open houses and move-in/move-out inspections since I am out-of state from my rental property.I have the REA identified, now I just need to know the steps to creating a contract for them and me to sign.

Which options do you guys think are best when you have no money to put down on a house for flipping?

As of today, the house rents for $3,400 per month and my PITI is $2,500 per month.

Taxes are reasonable (in most areas), and there is a significant lack of quality affordable housing.  

Typically, the STR property tends to be priced at 10x of the annual gross revenue, so let's assume you buy a house for $500k and you can get $50k a year in gross revenue. 

You could tell them to cancel the listing and you will find someone else to list it after a month not 4 months (the market take is subjective too, all dependent on what your house has compared to others, where it is located, the size of it, and so many other factors).