There are two duplex properties and one 20 unit complex available.

Judd, your question touches on complex tax issues, especially regarding the Foreign Earned Income Exclusion (FEIE) and managing U.S. rental properties from abroad.

Development is a complex and often strenuous process.

Some others seek to 1031 into that centralized apartment complex and end there journey there. 

(Keep in mind, those are multi-million dollar apartment complexes.  

Do not do this setupIf you decide to move forward, do not live in the property. make it 100% an investment without any additional complexities. 

However, it presents challenges like time, complexity, capital tied up, and loan-to-value considerations.

As far as insurance, as you probably know, it can be complex. 

This might be due to subsidy or assistance programs where payments are deferred or not required under certain circumstances.Verify Loan Terms:Contact the lender or servicer handling the HUD loans to get a clear understanding of the terms, especially regarding interest, payments, and any special conditions tied to these loans.Consult a Real Estate AttorneyGiven the complexity of dealing with multiple HUD loans and the potential implications for your “subject to” deal, consulting a real estate attorney or a knowledgeable real estate professional is highly recommended.

The bank relationship is one I cultivated over many years and now lean on heavily for my more complexed projects.