@Andy Sabisch,That is why I target the smaller retirement account holders for these deals.

Is there a brokerage you'd recommend that will provide adequate training (hands-on/ maybe let me shadow etc) as a license holder AND deal pretty frequently with investors (as I wholesale)?

I wonder if there is anyone has similar experience on this... any advise on how to start off, recommended consultant agencies to go over visa options, health insurance, buying properties dos and don'ts and more...

We are buy-and-holders and aren't banking on any appraisal or appreciation to do anything, and will consider any higher appraisal at sale time in 10+ years to be gravy.

You are the equity holder, so you only get "rewarded" if all goes well, which is a matter of how well you can manage the effort / project. 

Did the first mortgage holder cooperate with you?

Its best to just use the current mortgage holders login information, and not change anything. 

The trouble an investor can get into though, is assuming they can attract an S8 voucher holder to their property in a less desirable neighborhood.

Unless you really know the other party, it can get really messy as the Note holder to deal with late payments, sending 1099's every year, someday preparing a payoff statement, etc."

The first position lien holder has to wait 120 days past due until they start the foreclosure proceedings.