I've been involved in the Indianapolis market for nearly 10 years and it has been strong that whole time. 

Looking to get involved and network with our local REA in and around the San Antonio area.

How is the owner involved if HUD has the property ?

Originally posted by @Steven Picker:https://www.housingwire.com/articles/46567-sec-shu...really nothing goodYUP  this is bad news for all involved.. 

One thing you seriously have to consider is whether the turnover/vacancy involved would have a big impact on your bottom line - for example does your property manager take 1/2 a month rent to find a new renter, how much would you spend in cleaning/paint/carpet/etc between tenants and if it is a cheaper property in the area, are your tenants going to maintain the property well? 

Even though your payment will be higher you can do this for a shorter period of time than the 400$ payments but of coarse you may not cash flow any at that point which really sucks .personally  I don’t think this is even a good deal to be wasting time and money on given the risk involved .

If financing was involved, a mtg would be recorded shortly after the deed, usually recorded back to back, on the property, under the buyer’s name.

I'm hesitant to talk with a local realtor, because I don't want them contacting the owner and trying to get involved in this off-market deal. 

I need guidance with regards to the process involved after the necessary due diligence on the land is done and agreed on a price with the seller. 

I am listening and reading everyday but want to get involved what is a good step besides looking on MLS and working with a Realtor to look at properties?