Because the loans are so long-term, there's also much heavier scrutiny on property condition for existing assets, and it requires Davis-Bacon wages for construction which can add substantial cost to transactions in major metro areas.That being said we have a number of clients who utilize HUD for their entire portfolio.

I am sure it will open many exciting doors in your investing world.While I am not sure I can offer substantial advice, I can relate as I feel we are in a very similar situation.

The rent stabilized tenant willfully moves out of the apartment at which point you would be required to substantially improve the apartment condition through renovations.

Eventually he started to show substantial value.

I would assume the cost for moving can vary SUBSTANTIALLY depending on distance.

Josh, Darrin's 12 unit purchase in the Space Coast/Brevard County is pretty typical of the market here, with substantial upside on the rents.

But, like anything else, that can vary substantially depending on area and even the time of year. 

He wanted to invest substantial capital with us so “now it was time to get serious about doing due diligence“.  

The only way I could see this working is if you could purchase money substantially less than what you are paying for your current mortgage.

Even LA now has an old Hollywood legacy and substantial assets passed down.