The example scenario would be if I bought a $1M property, the bank is in first position and covers 800k of the property cost, the seller agrees to cover cost of down payment and covers 200k of the property cost.Let's say we can no longer make payments on the property and it's foreclosed on.

I work with a woman who works for a non profit org that helps place section 8 tenants into properties.

We have leased several properties in Brampton recently, and we also have some rooming houses in our management portfolio.

Property is a 3/2 SFH 7 miles from the beach and 4 miles from OWA. 

We had a property management lead come in for a single family in Cleveland a few months ago.

Purchase price: $274,995 Cash invested: $81,011 One-stop real estate investment, using a company that provides soup-to-nuts service (sales, closing, funding, property management).

You may have seen my other posts in here related to a small mobile home park with 1 ranch home and 5 mobile homes.I have been waiting on the information regarding the septic design of this property for months.

Each landlord/property manager is different. 

Being out of state, you will want an agent who has good relationships with reliable inspectors, title companies, contractors, property managers, lenders, wholesalers, insurance agents, other RE agents, etc.

do I now Request for Tenancy Approval (RTA) form so HUD could come inspect the property and starting collecting rent (assuming inspection is passed)?