I plan to sell my current home (with about $30k in equity) to pay down the mortgage and thus increase my monthly cash flow and decrease my debit to income ratio which will come handy for future deals.However, my true question is in the subject of this post, I have submitted a few HUD offers for Owner-Occupied properties at 30% below the listing price and HUD has counter offer at 10% below the listing price.

I linked it below.

That is rare.With these low priced properties realize that it will be difficult to refinance in the future as the loan amounts and the property value is below minimum loan amounts.

I couldn't find anything in the area on Craigslist other than the apartments mentioned below & by padmapper.I've driven the neighborhood and there is a complete lack of "For Rent" signs out.So the deal is make/break on the monthly rent:- $800/month the deal is too thin, with predicted cash flow at $42/month, Cap rate at 11.5% and CoC of 3.1%- $950/month the deal is pretty solid with cash flow at $168/month, Cap rate 14.1%, and CoC of 12.4%Home details:-Home is owned by Fannie Mae.

Look below this Window, and you will see a list of names of people that have posted in this thread.

Congrats and live well below what you can and invest the rest.

@Jason Eyerly you tag people by first typing @ and following it immediately with the first few letters of their name then below where you write this you'll see their name pop up.

Remember, if you are seeing rates below this those might require substantial down payments.

It may have NO view on the first floor, but 2nd or 3rd story may have views.Until moving to southern California, we never dealt with terms like peek a boo ocean views, filtered view, etc., but now it's important to know exactly what type of view if any a property has.Michael (our son and partner) does our architectural designs.

They are still getting it way below market value and couldn't get that kind of pricing where they are located.The only ethical problem that I have with wholesalers is when they essentially pull the wool over people's eyes.