During the property showing, take notes on what needs repair/rehabbing since this would affect your reserve amounts.

First deal will be 60-120 units depending on the amount of land. 

You want to make sure they remember you but you also don't want to spam them. 5-7 touches is usually a good amount of follow ups. 

(c) This section does not affect a tenant's liability for delinquent, unpaid rent or other amounts owed to the landlord before the lease was terminated by the tenant under this section.Subd. 4.

If not that will increase your All-in amount.What are you using for your Refinance loan amount?  

The amount the current tenant already pays is preset by HUD, correct?

@Jason DiClemente,I’m trying to get an idea of how it would work Incase I get a lead that has an issue.If a house is worth 250k and they got a mortgage for that amount and there’s only 100k equity in it, how could we make it work or will it work. 

We have absolutely no other income or means of earning income besides HOA dues and absolutely no other expense other than the maintenance and repair and measly amount of reserves.

The HUD voucher has a value and we always ask for the full amount. 

Especially with a large LOC, you will be tempted to go after a project with a large or even normal rehab amount...but stay disciplined.