Quote from @Daniel Mendez: Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.

You need to look at different places, ways to pay, and decide if you'll buy nearby or far away.

They fell behind and the 1st lien LENDER filed for NOD and NTS - Notice of Trustee sale and it went to the TRUSTEE SALE X-XX-2023 where the property was SOLD to a Third Party BIDDER for $375,000I assume under this SCENARIO - the 3rd PARTY bidder who purchased the property at the Trustee Sale Auction 8-23-2023 was buying the property involving the action being BROUGHT to the TRUSTEE SALE AUCTION  by the 1st lien DOT lender and that the SUBORDINATE $101,500 2nd lien Held by HUD may have received any (some) OVER BID funds but utilmately was WIPED OUT at the Trustee sale Auction...Thus their 2nd lien Goes away...Do not believe that the SUBORDINATE DOT lien to HUD survives the Trustee Sale unless they BID to protect their juinor lien interest.

This is going to be my first property I am purchasing and I am looking to house hack by buying a multi-family with 5% down. 

I almost made the mistake of paying a Philly guru who was going to teach me the ins and outs of buying section 8 homes and after reaching out to others on BP who invest in better market real estate, realized its incredibly risky.

I've been a low level buy-and-hold investor for years with just a couple properties under my belt. 

This is our first time buying all cash. 

So effectively I don't have a team.I've done all cash buys with a return of 7% cash on cash [no associated mortgage].I don't really have a network - the turnkey company is my PoC and they manage everything end to end.

It's pretty common to do this if you are buying something at auction or with a seller who is not allowing any windows for financing of any sort. 

I have/am invested monies with them just had 1 note pay off been with them since March ....hey so far so good. 1st position "fractional" trust deed investing although they will allow you to buy the entire note if you have the $ and wish to do so ...almost no one does in order to remain diversified.Short term investing were talking 6mos -12 mos could be slightly short or somewhat longer lets say 18mos tops.Pretty Straight forward once your on the note the cash flow comes in every month like clock work.usually takes two weeks to a month to close on an offer then ofcourse you wait another month for the first the interest only checkHere is a snap shot of a few notes I partially have invested in ....Dimple dell has just paid off so the "Capital" amounts you see is my return of Principle I am in Another note that I wont actually get paid on til the 1st week of Nov (Not Shown)LOAN #BORROWERINTERESTCAPITALDATEDISBURSEMENT TYPELF Dimple Dell, LLC$0.00$5,913.4710/12/2016ACH/Direct DepositLF Dimple Dell, LLC$129.52$0.0010/12/2016ACH/Direct DepositKD Commerce, LLC$137.50$0.0010/04/2016ACH/Direct Deposit5th East Partners, LLC$162.49$0.0010/04/2016ACH/Direct DepositLF Dimple Dell, LLC$0.00$6,057.6909/21/2016ACH/Direct DepositLF Dimple Dell, LLC$0.00$3,028.8409/16/2016ACH/Direct DepositLF Dimple Dell, LLC$150.00$0.0009/09/2016ACH/Direct DepositKD Commerce, LLC$137.50$0.0009/02/2016ACH/Direct Deposit5th East Partners, LLC$16.24$0.0009/02/2016ACH/Direct DepositLF Dimple Dell, LLC$150.00$0.0008/02/2016ACH/Direct DepositKD Commerce, LLC$137.50$0.0008/02/2016ACH/Direct DepositLF Dimple Dell, LLC$150.00$0.0007/05/2016ACH/Direct DepositKD Commerce, LLC$128.34$0.0007/05/2016ACH/Direct DepositLF Dimple Dell, LLC$150.00$0.0006/06/2016Check LF Dimple Dell, LLC$149.91$0.0005/02/2016Check