Recently I’ve been looking into the ~18 year cycle of rising prices and the inevitable correction once people can’t afford housing anymore or the new home supply outweighs the population.

I only had money to buy a 1-bed condo at the time, and I had some mental issues to sort through and the SFH within my budget at the time were in areas that was far away from the hopsital I was attending regularly so in short, I bought the condo. 

With regular purchases it takes less than 2 years to go from a $10k limit to an $80-$100k limit if you're maxing it out every month.

I worked for that same company for 3 years, back to traveling regularly, until they decided it was no longer working for them.

I worked for that same company for 3 years, back to traveling regularly, until they decided it was no longer working for them.

For a "regular" purchase, a new homeowner doesn't want to have the hassle of calling the town inspector to close out a permit, and then find out that it fails so they are stuck with a repair/remodel bill. 

@Hugo Jimenez this is definitely not something that comes up very regularly; however, it is specifically addressed by Florida State Statute 83.59(3d) as indicated below:F.S.S - 83.59 Right of action for possession- (3) The landlord shall not recover possession of a dwelling unit except:(d) When the last remaining tenant of a dwelling unit is deceased, personal property remains on the premises, rent is unpaid, at least 60 days have elapsed following the date of death, and the landlord has not been notified in writing of the existence of a probate estate or of the name and address of a personal representative.

I have a list of items he has to maintain regularly.  

General expenses like my liability umbrella policy, office supplies, etc. fall under that "general business" class.

They typically list these with a realtor afterward a month or 2-3-4-12 months later and purchase is pretty similar to regular home purchase...with 30 day close type scenarios and financing.The biggest trick is there are very few foreclosures now.For example you think about HUD foreclosures...that is foreclosures on homes that had FHA financing.