You can create a website in seconds nowadays but I would also provide him a pitch deck to show how this works and that he is not going to have to evict you in 5 months because payments are not being made. 

If you rented this home and it was putting $3K positive cashflow yearly in your pocket, the returns would be 3/4=7%.  

I have a rolodex of connections if you would like.Also you can use a combination of the websites belowrentometer.comzillow.com  (look for the ones with a lot of applications

For example, you can buy properties in the low $100k range that are already cash-flow positive or close to break-even with good tenants in place.

.: Why does every company in the note servicing space have a website that looks like it was made in 1996?

You can also buy lists off websites and get lists off FB for a cost as well. 

Through the HUD website How did you finance this deal?

None of those "notifications" they say they'll send every make it to my phone because it's not really an app, it's just a website as an app. 

This will provide you two benefits:1) Help you better define the position, so you can hire a better matched person2) Make training the next person easier

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.