@Paul Timmins thanks for the response, few things:1) thanks for the advice I will check out the REI groups for sure2) I will make sure to search for HUD homes, as I am open to purchasing distressed properties.3) When you say student housing, are you referring to a specific program with the university where you are some type of preferred vendor of some sort, or just renting to kids in general.?  

@Joshua D.Thanks,When you refer to "as is" you are buying them at auction, correct?  

This type of account is referred to as a Non-Prototype Account by Fidelity.

I did speak to his references.

Hey @Raquel PeaThanks for confirming that information, and referring me to those books!

Hey all, What I'm referring to are what (on the surface) appear to be the "Community Type" HOA's.

Refer to the HUD memo on illegal house flipping to better understand the subject.

BTW - we are referring to the home as The Spearmint Rhino due to her luxurious color, not because there is a stripper pole in the attic, but don't worry - we may add one.

Lenders, referred contractors, investor friendly realtors...

I'm hoping someone will jump in and correct what I'm about to get wrong...The "portfolio" part refers to the bank's own portfolio of loans, not your portfolio of properties.