The payment is roughly $260 a month.

These sellers might be more open to offers to accept payments over time. 

Without this workout, the down payment requirements, current levels of interest rates and cost of the transaction would not be incentivizing enough to for investment. 

The rules and payment standards vary significantly from one area to another, so familiarizing yourself with the local housing authority's procedures is key.

These are typically interest only and require a payment of 1-4 points up front depending on your area and the PML.

You likely only made a down payment of 3-20% ....but you still get to write it off on the full value across 27.5 years.So 400k/27.5 = 14,000 ish a year of a write off where during the year you didn't need to incur an actual expense, no cash outflow. 

Which means that they pay you a down payment and you finance the properties to them.

They have twice given me notice that they were prepared to initiate eviction proceedings at the owners request, due to late or incomplete  payments.

If Tenant is late in the payment of any installment of Rent or Additional Rent, orin violation of any other covenants or agreements set forth in the Lease (a “Default”) and the Defaultremains uncorrected for a period of _____ days, then Landlord may, at Landlord’s option, undertake any

For some buyers it would end up being less than a 2.5-3% commish, and for others more.The tricky part for the buyer is it would have to come out of their pocket in addition to the down payment, whereas a commission paid by the seller at closing is included in the purchase price and absorbed into their loan (usually unless paying cash obviously) so the buyer only has to make the down payment out of pocket.