Taxes are the nature of the business, but it will give you a huge leg up against the competition because you have the cash to close on more deals. 400k today is worth more then what could be. 

They may assume you're a knowledgeable buyer who's looked at the property and incorporated the condition into your offer. 

This strategy positions YOU as the "Authority" as well as the natural choice when they have a referral of any kind.  

Naturally, there are going to be well run funds, poor ones, good individual properties and bad ones-so due diligence is paramount-but aside from that, any experiences and learnings pro or con? 

But I've learned so much and increased my knowledge from my Realtor-side that investing is second nature at this point. 

Grand Cardone points out in his awesome book 10X, that when you're reaching for massive success you'll naturally create new or different problems for yourself - and you want that.

I am ultra conservative by nature, slow and steady is my natural and preferred pace for all things.

It also takes in one other factor of increasing Hispanic population, and targeting the best metros for this natural demographic change in the US.

Is this just the nature of the beast with HUD?    

I provide inexpensive vertical or horizontal blinds for privacy on townhomes and condos just due to the nature of communal living, but no curtains.