Should BORROWER default in the prompt payment of sums due LENDER, LENDER may immediately proceed against GUARANTOR, and shall give written notice to the GUARANTOR, together with an accounting of all sums due as to which BORROWER is in default, by regular or certified mail.

I don't know what a regular SFH sells for in that market (I just know the COMPS you said about other townhomes) but if you can buy lots of homes for under $100k I would think that people that can't qualify for a traditional mortgage may not have the 3.5% for the down.

Aside, what I don't know (and would like to know if anyone has tried it) is what happens if the companion unit is attached to an existing duplex - not sure whether that would trigger commercial requirements (MEP plan, fire alarm monitoring, etc). 

The commercial guys call me regularly.

The local police department know this property as drug central and violent domestic disturbances on the regular.

They'll be able to get you a regular flow of deals to look at and if they're worth anything at all provide some reasonable rent/sale comps to contextualize the deal as you get closer to closing. 

I completely agree with the previous commentor.I also want to add by accepting the voucher you also agree to regular property inspections by the agency. 

I am building a solid investor email list and want to get in touch with them regularly.

For us, the best practice is to drive by and observe the exterior often (monthly is good, weekly is better), inspect the exterior in the spring and autumn, inspect the interior regularly (semi-annually is good, quarterly is better), and deal with maintenance needs and damages as we find them.

I'm saying this as a caution to those who think subprime caused everything - in reality, subprime was the catalyst (ie, COVID today) and as the equity disappeared, people defaulted in droves, as soon as it became Socially Acceptable to do so.COVID essentially just gave everyone a free pass to default, and not be embarrassed. 4th qtr 2021 is the concensus, among those I still talk to regularly in the Default Servicing space(I used to own a mortgage lender/servicer company, back in2007, got out with my skin but barely.