Rough areas don't appreciate nor attact occupant offers bidding the price up.  

Maybe there's one less owner occupant out to buy your house, but one more landlord out there eyeing it instead.

@Jamaal RogersFHA loans are for owner occupants only, so there would have to be a strong reason for you to move from where you're living now to the new home.  

As you can tell CA (Bay Area/LA/OC) are extremely expensive, assuming you have a strong income from a W-2 job, all you need for owner occupancy is 3.5% down (i.e - 750k home, need about 27k down + closing costs). 

The NHSL parking lot is adjacent to the property and currently is the only place for the potential occupant to park as there is no driveway.  

As long as you have a solid three months at or above 90% along with a solid explanation as to why occupancy may have been lower in the past, many lenders would consider permanent debt.

There's lots of maintenance and extremely high turnover (60% occupancy).

Are you seeing the occupancy rates and the profits you planned for? 

This is not working as the stock of housing they own is generally in bad condition and requires repair beyond the ability of the individual owner to fund.The Obama administration is stating two things:1) The government should not own individual properties that have been repossessed through foreclosure.2) They want to enact a program that encourages investors (as opposed to owner occupants HUD currently favors) to acquire these properties who can afford to rehabilitate them and then rent them or sell them.As an investor interested in acquiring a portfolio of rental properties, I'm curious to double-click into the details of the program and understand what exactly is being proposed.

They’ll also know the other paperwork required such as the 1003, TIL, credit reports, occupancy agreements, and an unbelievable host of others.Second, you might use as many standard Fannie Mae docs as possible to make a legal review easy.