Seller can choose to look at, ignore, respond to, counter or accept any offer he wants at any time (though there are procedural items his agent should take care of when counter-offering more than one offer at a time).Seller doesn't have any responsibility to look at, respond, counter or accept your offer for any reason.

You need to know the procedures locally for evictions and protections and any additional notices you have to give from a standard eviction for a section 8 tenant.No legal advice.

Once you have a feel for the property and the people develope rules and procedures for the tenants to follow from collections to disposal of trash!

Sounds like what the listing HUD broker is saying is that they cannot be involved in the type of transaction that you are putting together as it is against HUD selling procedures and they can lose their listing status with HUD.I do not do residential but I would not put my livelihood on the line for a wholesale buyer trying to work the system to make money.

In essence, the SAFE ACT does not necessarily need to change your thoughts about the business, only change your strategies and procedures.

If there are enough of you against enforcing this rule, it might be a simple procedure to revoke it at the next meeting.

How they massage the rents to the LLC is out of my scope of knowledge.Any cleaver contract language that could structure the deal as I outlined in the first post?

A quick cheat-sheet:RESPA (Real Estate Settlement Procedures Act) Only affects loans secured by 1-4 family residences, BUT you have to know the purpose.1-4 family residence loan for consumer purposes - covered by RESPA1-4 family residence loan for non-consumer purposes - not coveredTILA (Truth in Lending Act) (the good-old APR)Again you HAVE to know the purpose.

Don't know the exact procedure there.

When there are past due property taxes and no one pays them, the county has a procedure to sell the property or the tax debt.