According to their SEC filing of the $300 million in loan they made, $299,300,000 was NON PERFORMING.  

Other companies people use are SNSC, FCI, Landhome, Homekey and others.That would be your best bet.

@Chris Kay finding a quality, cost-effective contractor is extremely difficult:(There are thousands of contractors that are great talkers, but rarely perform within budget.Standard bait & switch is to lowball a bid, then once they get started all sorts of things "pop up" that somehow their bid didn't cover.

HUD performed extensive due diligence on us, and had to approve us as buyer's and our management company and mangers.

PG's are worthless those that have PGs that are worth anything dont need gap funding they have the cash.this is a play for folks you know well .. not for internet facebook BP etc.. people that do this do it because they know you like you trust you and think your a good operator.Public has to many other choices that are much safer bet.. its not always about ROI with those with money..

I’ll bet if Peace has a forum there’s people talking about BP and being negative “what they’re teaching takes so long!!”

Appreciation: Are you primarily looking for immediate cash flow (rental income exceeding expenses) or are you betting on long-term appreciation?

I bet $1 this a bot. 

In fact, someone just called me last week and had a non-performing rental package that they purchased in the same fashion and the prices they bought at, considering the actual condition and historical performance of the properties was too high in my opinion. 

And, past performance is no guarantee of future results.