The point is to profit by finding a great deal on a property, then passing the deal on to another investor willing to pay more.

You then pass the $35 per month cost onto the tenant and all future leases.

"My dad passed away three years ago can you go see what it's worth, nobody has been there in years".

For the rare residential deal we entertain, we require either MAI or SRA designation.  

do I now Request for Tenancy Approval (RTA) form so HUD could come inspect the property and starting collecting rent (assuming inspection is passed)?

Each city’s approach can play a unique role, but zoning for higher density developments stands out as a powerful strategy, albeit a tough one to get passed.

Buy a TLC or "ungly inventor" and use some of the cash to do some renovations before or after depending on if the properties were "Subject to" or would pass an appraisal and had high ARV potential for remodel or build out.

Explain to them your plan and see if it is something that would be entertained and if so what the process will be.

As an investor there since 1955, and a real estate broker since 1965 and paying finders fees that passed the occasional department of real estate audits during those years, you will need to amend your opinions regarding California and a few other states.

Feel free to reach out - would be happy to pass along a free invite, or pass along any other resources you may need!