This strategy positions YOU as the "Authority" as well as the natural choice when they have a referral of any kind.  

Naturally, there are going to be well run funds, poor ones, good individual properties and bad ones-so due diligence is paramount-but aside from that, any experiences and learnings pro or con? 

I understand the idea of having skin in the game.

But I've learned so much and increased my knowledge from my Realtor-side that investing is second nature at this point. 

Grand Cardone points out in his awesome book 10X, that when you're reaching for massive success you'll naturally create new or different problems for yourself - and you want that.

I am ultra conservative by nature, slow and steady is my natural and preferred pace for all things.

It also takes in one other factor of increasing Hispanic population, and targeting the best metros for this natural demographic change in the US.

Is this just the nature of the beast with HUD?    

Guys don't really like getting into deals where the buyer doesn't have any skin in the game.It's best to find a couple different guys, interview each of them and find out which one will work for your situation(s).  

So a great house, in a growing area, with a borrower making good income in a steady job, with little if any debt will garner those higher prices vs a guy who is getting by on the skin of his teeth, with a ton of debt, seasonal, unsteady job, and a high debt to income ration.