I just got an application from a BRHP voucher holder. 

@lamont chen Annual Cash Flow ÷ Initial Cash Investment= Cash-on-Cash ReturnBut even within this calculation, it's talking initially - so overtime the CoC won't pan out for a long-holder of this real estate, right?

I'm an immigrant, currently working on H1-B visa.

The potential pitfall is that the lending company or current and existing mortgage company or holder can call in the full amount of the outstanding loan once ownership changes hands.

The lender receives a note and mortgage and is the first lien holder.

I guess that makes sense because all my mortgage holders do give me 1098s every year come to think of it. 

With a private company provider they can only go after the account holder.

On EVERY single pre-foreclosure sale (whether a short-sale or not) I ALWAYS include the following terminology right in the body of the offer itself:"This offer is expressly contingent upon the approval of the seller's lender(s) and/or any other unknown lien-holders".I was told early on to include the "any other unknown lien-holders" provision as protection for both the seller(s), as well as the buyer(s)...

In that case, if the deal goes bust, the loan holder forecloses on the property, and uses those proceeds to get back some or all of their money.So personally, I would recommend doing that (i.e. investing in "hard money loans"). 

There are many factors to consider, but with you living off your earnings, I would imagine consistency/frequency of distributions (which gets into risk of assets) and hold period would be big ones.Many groups on these forums are 3-5 yr holders and operate in the value-add space.