“With these three organizations accounting for nearly 900,000 of mortgaged properties, the moratoria should help temper the negative effects.

Tenants paid on 9/1, I haven't had funds deposited into my account yet.

In our mind, we setup the company this way to do just that, avoid being double taxed by Business Income and FICA but our accountant is concerned with taking paychecks and not paying the Medicaid/SS out of it and then having to keep track of what side work is considered wages and what's not.

I am not an attorney/accountant/etc.

At last count, I have something on the order of 500 unread messages across 4 email accounts.  

Thanks so much @Joseph M. and Account Closed !!! 

Account Closed I have a section of the Flipping Junkie podcast where I start with motivational/mindset/foundation for getting into flipping and then progress into how to fund deals, find deals, analyze deals, etc.  

Assisting the Commonwealth of Puerto Rico and local governments in re-allocating existing federal resources toward disaster relief – HUD's Community Development Block Grant (CDBG) and HOME programs give the State and communities the flexibility to redirect millions of dollars in annual formula funding to address critical needs, including housing and services for disaster victims.

Rent income total $2325PITI + water/garbage/sewer about $1800.No PMNet income $525 per month.If i account for maintenance and repairs + capex, i probably make only $100/ a month.My goal is to bring the lower rent gradually up to market.

Below is what you need to know that underwriting and programs guidelines don't tell you when considering a 223(f) apartment loan.AdvantagesHighest LTV in the marketEliminate refinance and interest rate risk with fixed rate terms up to 35 yearsLow fixed rates based on GNMA securitiesNon-recourse and assumable - makes for a great exit strategy especially in a rising rate environmentNo defined financial capacity requirementsNo geographic restrictionsNo minimum population requirementsSupplemental financing availableDisadvantagesLonger processing times - 120 days at a minimum (6-9 months is typical)Higher fees - HUD and FHA fees add to the overall cost of the loanMortgage Insurance Premiums (MIP) - Initial and annual premiumsAnnual audited operating statements requiredReplacement reserve escrows requiredHUD property inspections requiredOwner distribution restrictions and Cash out restrictions 2x a yearProperty condition is important to HUD, both during initial underwriting and over the life of the loan.