HUD wants to allow sufficient time for prospective homeowners to not have to compete with investors to acquire HUD properties (other government agencies [FNMA, VA, etc) have similar exclusive periods.That said, if you get a mortgage as an owner-occupant in order to take advantage of the lower rate (as compared to an investor), but do not fulfill the occupancy requirements of the mortgage, it could be cause for the lender to demand repayment of the note in full.

If management sufficient to allow absentee ownership is truly in place, why would the owner need to sell in order to leave the country?  

Start with cities with a sufficient population, and evaluate each city against additional criteria.

I think collecting a photo ID is a very reasonable request for any lease and just ensuring the lease matches the ID name/Key Check background report would be sufficient

Thanks in advance,RonnyIf this were me, all things being equal, we can assume the 1st is at least 4 months behind (has to be by federal rule) or more so, if you know the payoff is $195,000 and can do so, bid at sale (Assuming your numbers all work) and bid enough to obtain surplus proceeds sufficient for you to walk away (Up to total debt). 3rd lien holder gets wiped out in this scenario.

Also in America in 20 years, a $1.1M nest egg will not be sufficient for you to live half a lifetime on...not with inflation ramping up the way it is.  

Just to clarify a point, in your case you mentioned sufficient equity, in other cases it can be slim just to refi.

If it does, the business license won't be sufficient and he'd still be considered an unlicensed contractor. 

Thinking in the $2MM-$3MM range.What are some of the best destinations with sufficient rental demand to justify a relatively larger acquisition?  

Legal activity at the location should be sufficient to terminate the lease.