If you can buy something habitable, and rehab it over time while you live there, that could be a home run of an investment when you look at your return on investment, especially if you house hack.Sure you may leave cash in the deal, but if you buy right, it could still be an extremely profitable and low-barrier to entry way to get into real estate.

Overall, the setup and funding process was extremely straight-forward and the customer service was great.  

Your expert (the plumber) couldn't confirm the cause.

Now I always give the disclosure that I'm not an exact expert and can only give you my limited knowledge and experience. 1st/2nd Question:I've never had a Housing Authority close up or lose financing.

The current owners have extremely low occupancy and are open to selling.

What's annoying is the woman (one of the "expert" who played "mentor" role) kept on asking him rhetorical questions to prove the value of their program and act like it's the only way for one to succeed in the real estate market.

Over the last (3) years I have seen some extreme cases of expedited equity where an investor buys an older home or "Ugly Inventory" and then bats clean up on the ARV in 12 months.To give you an example I helped an investor refinance her home in 2023 pull cash out to buy a $65K home all cash.

We have a savings account where we split up into different buckets (from our w2 and passive income) and one bucket is for real estate and when we have enough to acquire another asset we will consider it.I am not a fan of borrowing 100% of the transaction costs including closing costs as it will be extremely difficult to make money many times on those types of deals.

Hopefully, I'm wrong but if not take into account for the families "house-hacking", it's an extreme and unpleasant sacrifice with a majority likely not happy with it.

Quote from @Jeff Brogan: I would hire a trusted expert to get you real numbers, someone that does it in that area all the time (rents out properties/property management).