There are dichotomies and synthesis in this sport which is only evident to seasoned investors; those of us who have seen people come and go, rise and fall - those who have experienced it for ourselves...What you are saying is true, but only if you have perspective, and only if you're able to read between the lines..

From my perspective, the agent was trying to tell you you can't use an FHA loan to get into MF in that area because the market is to flushed with better buyers and/or cash investors.If I had a client come in and say they wanted buy in the sub-$150k range in South or East Austin using an FHA loan, I would tell them exactly what that agent told you.

The reason I say this is you have to look at it from an end-user perspective.

Just my perspective as a Realtor.

It's hard to discuss this strategy objectively with the person who introduced us to the concept because all he sees is potential and upside (perhaps rightfully, but i need other perspectives).

@Wei Huang As far as what you could have done to avoid this mess, what I've finally ended up doing for my investor clients is having someone visit the property the morning of closing and - if it is not vacant - then you delay the closing and have the attorney hold the funds.This one worked out at the end of the day but, trust me, it could be much, much worse from a liability perspective. 

Does anyone out there have suggestions on what kind of work might best benefit me from an educational perspective.

I've been doing some research online and have been unable to find a what I thought would be an easy answer. Here is the scenario:If you are a seller and you accept a Subject To deal. Once the deed is transferred and c...

I agree with Paul Birkett's perspective on owning notes vs. the asset, less ongoing operational overhead and very scaleable.

From a cost perspective having a license is great.