I'm sure there is a right and wrong way to do it.

I'm not saying you're wrong -- I'm just asking for some additional information to help me understand how these situations are different in the eyes of a judge or an attorney general. 

Many people say that was a product of the 70's and 80's and can't happen again, but they are proven wrong again and again from people who bought during the downturns of the 90's and 2009-2013.

@Anthony Newbold Not so much they want you to, its something that they recommend you do - Form HUD-92564-CN so perhaps wrong use of words on my part.I tried to wave the inspection on one property (prior knowledge of this property) and HUD still wanted the 10 day inspection period.

This means that they have overextended their ability to compete and market into the wave.Don't get me wrong, this method can be a small portion of your portfolio and you’ll be able to brush it off—but if it’s a large part of your plan, it could easily end in catastrophe.

Like the others have said there is too much to go wrong. 

Did I get some wrong information from them?

I am always okay with people pointing out why I might be wrong.

There's nothing wrong with vegging out, watching a good movie, or checking in on Facebook from time to time, but it's far too easy to fall into the trap of wasting too much valuable time on things that have no long term worth. 

Nothing wrong with that, but the live-in types typically make that place their life.