You need to know the procedures locally for evictions and protections and any additional notices you have to give from a standard eviction for a section 8 tenant.No legal advice.

Once you have a feel for the property and the people develope rules and procedures for the tenants to follow from collections to disposal of trash!

Sounds like what the listing HUD broker is saying is that they cannot be involved in the type of transaction that you are putting together as it is against HUD selling procedures and they can lose their listing status with HUD.I do not do residential but I would not put my livelihood on the line for a wholesale buyer trying to work the system to make money.

In essence, the SAFE ACT does not necessarily need to change your thoughts about the business, only change your strategies and procedures.

If there are enough of you against enforcing this rule, it might be a simple procedure to revoke it at the next meeting.

A quick cheat-sheet:RESPA (Real Estate Settlement Procedures Act) Only affects loans secured by 1-4 family residences, BUT you have to know the purpose.1-4 family residence loan for consumer purposes - covered by RESPA1-4 family residence loan for non-consumer purposes - not coveredTILA (Truth in Lending Act) (the good-old APR)Again you HAVE to know the purpose.

Don't know the exact procedure there.

When there are past due property taxes and no one pays them, the county has a procedure to sell the property or the tax debt.

The bank or asset company looks at all the reports and then instructs the listing broker to go off of that price to list the property for sale.During pre-list the bank or asset company will not talk to you and you have to wait for the property to be listed unless this is a small local or regional bank where their process and procedures are more flexible.Wells Fargo is a massive bank so you will have to wait for it to be listed.

We have been very fortunate to have few vacancies, but because of that we don't really have a set procedure for getting them turned around and re-rented.Ex.