If you have a realtor find properties for you, it'll likely be that you'll be paying close to market values for a property unless you get one that specializes on short sales and/or foreclosures.  

Three doors in such a short time is awesome!

They should be familiar with foreclosures, short sales, auction.com as avenues for procuring deals.2.

Long story short, we purchased our first HUD building at the beginning of the year.  

It's the same as buying any other house with a mortgage.....the owner owns it, if there is equity they pay off the mtg balance at closing, if no equity it is a short sale, and RM's require a price of 95% of a current FHA appraisal if it is a short sale.  

The BP Podcast with the guy from Austin TX (forget his name) was very helpful regarding Short Term Rentals.  

For the short term (first couple of years), we are okay with the cash flow breaking even.

Some in the Cierra but it's very short-lived. 

I'm gonna try and keep this short and sweet. 

I was previously on BP but (long story short) got a new phone and email got hacked and I had to start my account over again.