The math indicates that you can extract equity from these singles to buy apartments without incurring a bunch of transaction and selling costs.

On an arms length transaction, the lease would be assumed by the buyer.

I don't fill out documents for a purchase transaction for less than $5K, that's just minimum, that means my deal needs to cut $8,750 plus costs, likely $10K to sneeze at it.Using high cost money cuts your profits, often a lender can make more than the investor ends up with!

(As I did in loan servicing and guaranteeing seller financed transactions and buying notes).

We all know that money is needed for any transaction to be completed.

Loan fraud in HUD transactions will generally land you in jail, they really, really don't like that.Loans are audited after closing, usually after 90 days and before a year, there are plenty of indicators that can show up that can flag a file for a compliance review.

This assumes you have the money to close the first transaction with, and aren't trying to use the funds from the end buyer, for the first transaction.

The transaction details on the auction.com page for the property says:"Buyer may receive a Special Warranty Deed or equivalent if Buyer is able to purchase title insurance without delaying the closing (title fees typically cost between $500 and $1500 and are based on the purchase price of the property).

If it's an investor owned property it sounds like an old dip, rinse and repeat deal by someone who hasn't caught up with the new rules, I'd think the Realtor should have a clue, but maybe not.As to deals, there are tons of posts about SF transactions.

We switched to Quickbooks Online.It has a feature that allows you to classify transactions to a business and class.