You can use this to quickly sort leads, but you still need to base your offers primarily off of the seller's financials and upside available.There exist deals that have been acquired at negative CAP rates that were home run deals.

I found the support (which they bragged about) to be nearly non-existent.  

If the latter, is it in addition to any existing origination fees?  

Fannie Mae discontinued HomePath Mortgage and HomePath Renovation Mortgage 2 years ago -- those financing products no longer exist.

This drives your profits AND risk up, as then tenant is responsible for all maintenance.If you buy from the owner MAKE SURE he/she/they assign the existing lease, rents and deposits to you as a condition of the sale.

In order to acquire this property, you would have to offer at least the balance on the existing mortgage.

I just never realized this entire community existed.  

Exception to this might be one-off stuff or things I was really picky about, or that I have existing relationships with good quality suppliers. 

Are you buying a property subject to the existing financing with seller financing for the balance of the equity due?

Would you keep the existing not tenants?