@Brett Dudley the inspector for any buyer should catch the roof needs replacing and any other major issues, which should lead to the buyer renegotiating/lowering their offer price to cover these.

[This comment not directed at Dawn.]Make sure your funding source (I assume a traditional bank) knows this is a HUD IE property and that the appraisal will show exceptions that underwriters will catch.

Looking for information into the legitimacy of the program, and I really want to know what's the catch?

The only catch here is that each scenario comes with its own rules and potential additional costs.

As long as you can afford to cover this difference, then you are still in a good position to build wealth in the future once rents catch-up.  

Cost me 4 months rent before he was out.Consider - if they are that low on money that they are half a month late AND $150 short....they are not likely to catch back up.

Portugal as a whole has had huge capital appreciation over the last few years but that was mainly a catch up from the Global Financial Crisis and it was led by foreigners, notably through the Golden Visa, that's now been abolished.

I recommend to my clients to use the SFH markets to generate short term income and wait to catch a 2 - 4 unit property and when they pop up throw those in the portfolio. 

The biggest catch I see is financing.

Unfortunately I’ll be out of the on a TDY, but I would like to catch a follow-on meeting.