It's important that the owner receive notices that their account is delinquent - I want to say that the fair debt collection act says you have to allow 90-days before you can start collection activity but don't quote me on that. 

I spoke to community development about this and they too have said there is nothing commercial about the property, although the comprehension plan allows it, but it would have be approved by the committee and neighborhood.

And condo associations are no longer allowed to approve any tenants.

They were then able to put term debt on the property, usually at 75% of value, allowing them to complete the BRRR strategy.  

Mark Sirianni USAA has a loan for veterans that allows us to buy a house with no money down.

If you have a 401k or a life insurance policy that allows you to invest a portion of your account.

It will allow you to obtain financing at a low rate and you might have some cash left over to pursue other investment opportunities.

PROACTIVELY Structure the deal.HOLD the property, refi and take out cash repeatedly if you need it and current lending rules allow ( that option cycles about every 5 years!)

You do this so that it lowers your monthly payments and allows you to improve cash flow on the property.

He asked me to take no commission and then we could put an occupancy agreement in place to allow us to move in to the home that weekend since we had no where to go.