We do notify the HA that the tenant owes us money and that we have obtained a judgment.

Hello BP,I am interested in obtaining my RE Salesperson License in New Jersey.

Then and only then do I figure out what to do with the asset ( flip, brrr, sell ) and decide how to finance the decision.  

From there, the plan is to live in this home for 6 months, and then obtain an FHA loan on a second property at which time I will move in and make that home my primary residence.I understand that: I cannot have another ownership interest at the "note date" of the Home Possible loan (which I don't/won't) FHA loans require a certain DTI ratio (excluding rental income) that I will have to hit (which I plan to)Now, granted I'm able to meet both of these requirements, will there be any obstacle in changing my primary residence after 6 months from the Home Possible property to the FHA property?

Our buy and hold model is to buy homes in Columbus Ohio with private capital, stabilize the asset, and then refinance to put more permanent financing in place. 

The purpose of the notice is to protect you and your asset(s) from any sort of penalty."

You have to build relationships with the asset manager at the banks.

Define what type of asset you are trying to buy, area, size of property, price point, etc.Your question is too broad.

For that matter, I have yet to see anything on the MLS (I haven't found a good source of off-market opportunities yet) with a cash ROI above a 10-year treasury bond (once all costs are taken into account).I'm already heavily invested in other non-RE assets (stocks, bonds, etc.) so for me to go in on a property that needs rehab, management, etc., it better be worth the extra hassle.

The downside is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.