Over the last couple months, I've been exposed to HUD homes and the acquisition process.  

I don't invest, I know I can make a minimum of 100%/double of exposed capital .

@Jessica Zolotorofe is correct, there are different issues at work, however, it is important to do everything correctly to not expose yourself as a new homeowner to treble damages by illegally evicting someone.  

Competition with owner-occupants and the age of the homes (70-120+) will squeeze your margins and expose you to a fair amount of risk.

After being exposed to the BP community through Podcasts, Social Media, Books, etc.

Although I am new real estate investor, I have been well exposed to the industry for many years.

Are they doing everything they can to expose properties to the widest possible market?

Some flooring in addition to the kitchen (uppers can be painted but that bottom is a goner where the wall is exposed).How can I, without irritating the seller, get them to see the conditions just does not warrant their asking.

If I buy it in an LLC, financing becomes expensive, if I buy it in my own name, I get a better rate but I am more exposed. 

However, looking through windows, I did notice owner tore out all carpet exposing some foundation issues.