The money you "save" will probably not be significant when you take into consideration the amount of work that you will have to do that a realtor normally coordinates. 

You most certainly need to know how to pencil that out with real and reliable numbers.On your last question-Do you mean to imply you have enough for a down payment plus another amount independent of  down payment which would equal to 6 months of payments.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

@Mike StadelThere's two ways to do it depending on the renovations necessary:- If it's a short term deal, the investors can wire the full amount to the title company, who then cuts any excess checks made out to both parties.- If it's a longer term deal the investors could wire a portion of the capital (enough to acquire) to the title company to acquire the property.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

An LLC i'm a minority member of is undergoing an acquisition and my idea for planning for my tax bill is to start a new LLC just for real estate, and have the LLC purchase a unit or property outright to reduce the amount i can be taxed on and then live in the property.

@Adam MittermeierJust to confirm that this is a HUD Home listed at hudhomestore.com and not a reverse mortgage that sometimes gets called a HUD but is a very different process If this is a HUD, there is no way your agent or the listing agent knows the number or amount of the offers and there is absolutely no highest and best with HUD.

The ADA requirements are very specific: doorway widths, length of handrails, amount of space on stair landings, emergency alarm in shower.

With that many supposedly empty dwellings, you have no idea if the population declined that tiny amount because so many people are living between the cracks.Unless some affordable housing starts getting built somewhere in the USA in the near future, I see a lot of people landing here, not because they want to, but because they have no other choice at their price point (zero).

If that is the case be very careful that your HELOC  (with interest payments) will be paid with the rent from the new property  by a healthy amount to help for tenant turnover and repairs.