She's our free expert :-)From what I know, though, HUD won't double pay rent for any of their Section 8 (HUD voucher) holders.  

@Anne Williams - liens have a priority; you will have to understand that concept very well to participate in these foreclosure auctions.If the lien that is foreclosing is the most senior lien, the junior liens in general will become extinguished / divested if the junior lien holder was given proper notice of the foreclosure auction as the laws in that jurisdiction would require.

Even with all the research going into the value of each home, "good homes" can either "fall off" the auction list and not go to the steps at all, get bid up to ridiculous levels, (which I see in every auction I attend), or the bank may actually open the bid at too high of a level for you to want to buy the home ( for example- if the bank has a 2nd mortgage on the property as well as the 1st, or the crier is actually crying for multiple lien holders together).Meanwhile - given the above, if you borrowed the funds and never used them, you owe the points back to the hard money lender - assuming he lent you the funds to begin with.

However, the units are very badly damaged.I would like to file a claim through the loan holder's home owner's insurance.  

I would put business card holders on the head rests of my car and on the dash so my ride clients could take one if they needed an agent and also talk them up about my professional skills if they started a conversation. 

Hopefully this will include help to tenants paying rent or to mortgage holders for temporary loan forgiveness.

@Mike Becher @Christine Myers @Stephen Sokolow @Ernest Jones @Janet Peters @Charles Holder @Lisa Campbell @Shweta Gupta @Adrienne Long @L.

Consider your obligation to the end buyer when the due on sale issue surfaces, if not paid off by someone in the deal you are in default to your buyer.You can not simply create a deed-in-lieu-of-foreclosure (DIL) or hold one and go down and file it and mail a letter to the seller note holder saying "We're out of the deal, we have you the property back"!

@Brian EastmanSelf-directed IRAs and solo 401(k)s are great toolsEducating regular IRA holders that have money in traditional IRAs like Merril Lynch or Charles Schwab is not an easy feat in order to be able to get private money for your deals. 

I don’t see prices dropping fast enough to get back to 30 percent cash on cash turn key deals, maybe there could be a brief time if the economy goes into a depression that opportunities like this will exist, but then most people will be too afraid to buy.This market cycle is the best thing for the market though, including the smokies and current holders of cabins.