If you are just doing to get access to MLS or other reasons it may end up not being the best fit.Where exactly are you looking to invest and what type of properties are you aiming for?

We are aiming to do 8 properties this year, currently working on our first one of the year.

I would recommend getting clear on a few things: where you want to invest, what type of property you want to invest in, and, perhaps most importantly, exactly what your goals are.If your goal is to retire in 5 years from passive income then your path will look very different from having a few rentals to supplement your income. 

I am aiming for cash flow on the first property... but of course it’s always an upside to find an area that has great potential for appreciation.Thank you for all your help.

Trying to gather as much info as possible with the aim to purchase a property with ADU opportunity so any extra education on the subject is more than appreciated.

I aim to retire early and have enough passive income and equity that I will have to make zero lifestyle changes after retirement.For sake of efficiency I'll just bullet point my questions.1.With long distance investing for a first investment (my area is basically impossible to make numbers work for rental investments) would it be worth the extra effort to buy and rehab foreclosures to rent or would it be wise to start simple and go with a ready to rent property for less returns?

My aim is to generate consistent cash flow that covers my mortgage. 

Unlike Fannie/Freddie programs, HUD also doesn't have any easy supplemental loan process to do an equity take-out, so if you're trying to realize the appreciated value of an asset soon after the initial HUD closing, there's no way to do that.In my experience HUD 223(f) is best for the legacy holds (as mentioned above), estate planning, "crown jewels", etc where you have a pretty good idea that you're not going to sell for at least 10 years or later.For shorter term investment strategies, I wouldn't recommend it. 

I am curious though about what type of net cash flow you are aiming for as a percentage of your equity/market value.

CA supplements food stamps /EBT so the residents get more than in the rest of the US.