If there is any advise or resources as to what avenues you would take or suggest to look at to help us make an informed decision as to how to go about starting investing in both areas of interest as mentioned I would love to hear from you.

Andrew, I believe you meant to post this in the REO not Bulk REO forum.But to answer your questions, that servicing company wont be servicing very long with decisions like that.

We are generally in a situation where we need to allow the current lease to expire, so we are rarely having to make rash decisions with no experience with the new inherited tenant.

What is your threshold for rent/no rent decisions, as relates specifically to credit?

I'll consider all of what you've said before making my decision and let you know how it goes!!!

Hard money lenders will usually lend up to 70% of the After Repaired Value and base their decision on the property values not your credit.

Sure you are going to make mistakes and most likely take 3 times as long doing it, but with time, you will learn the tricks of the trade and get better at it.

Through experience, does anyone have any ‘secrets’ or ‘tricks of the trade’ they are willing to share with making offers to Freddie Mac (HomeSteps)?

A little more information is included below for your reference.IRS Eyes FlippersIf you complete multiple transactions in a short period of time, the IRS may consider your property transactions to be a business or trade rather than an investment strategy.

If this is what you're going on to make your decision, you coud do well to read the many posts in this forum on cash flow.