Rather than tell my agent (because it said, "no agents", I called and wanted to learn more about the property (there was only one property photo & I wanted to learn about existing renter, inspections, etc.)

I believe house flipping will always be in existence as long as there are deals to be found.

(Part of this was timing since the existing lease was coming up on its expiration).2 - As others mentioned, make sure you understand the rules of the program and educate yourself ie. annual inspections are required, need to use the same lease terms as other properties, rent increases may need to be approved by the housing assistance administrator well in advance, etc.

At least the landlord knows the prospective tenant really has a job.Larger landlords with buildings in many cities make it easy for existing tenants to move to a unit in another city.

I am thinking a simple family trust or llc will do it without SEC regulations and all the over sight a 506 has..

What is your playbook when the existing owner still lives in the house after you win at auction?

You leverage the equity in your existing property as a down payment (or partial down payment) into your next asset.

I too was not thrilled with the mundane 9-5 existence.

I too was not thrilled with the mundane 9-5 existence.

Basically, you take the existing mortgage amount and add however much it would take to keep the investor whole in his or her return.What are the downsides of this approach?