Also, it's good to discuss the level of skill and pay required to care for a vulnerable segment of the population (hinted at in a previous comment).I am in southeast Michigan and just starting to learn about this type of home, and eager to learn more, and possibly partner. 

Are you well-versed in the foreclosure laws specific to your region?

Attend our Local Government meetings, regional, national.

"Subject to" is more of a wholesaler thing preying on vulnerable populations, though, isn't it? 

Tenant laws depend by regions, but in general it's a bad idea to accept partial payments as there is a chance you need to wait longer for evictions.

I’d look at it another way figure out where you want to live and than figure out if house hacking is a way to afford that area and if you have a long term plan to afford that place with at most one roommate, you will find it hard to break even much less make money house hacking anywhere in the region so may as well buy in a place you want to be long term, if your not ready to commit at least medium term, rent.

Not just BP, but region/area specific folks who are fellow 'boots on the ground' that can help you and give advice when needed.Good luck! 

It's known for its vibrant street art and bustling nightlife, which makes it appealing for younger buyers or investors looking for properties with a cool, urban vibe.33311 (Fort Lauderdale) - Located in central Broward County, this zip code covers parts of Fort Lauderdale and is one of the more affordable areas for property investments in the region.

As other PML business owners here have commented, this isn't uncommon in our industry but you can certainly find local or regional banks that would be easier to do business with and not require an audit - haven't heard of this before.

Syndicator is utilizing adjustable rate or short term financing leaving the investment vulnerable to rising interest rates6.