HUD Property Acquisition

[Aaron Zike]

So we're under contract for our second property in three months and it's been lesson after lesson (so far nothing taking our legs out from under us). Just got a hold of the ledger for this new property we're picking up and, while they have a perfect payment record, it's receiving HAP/HUD assistance. Is there anything special or additional we have to do as new owners of the property? Do we need to fill out any other applications or notify anyone additionally? I'm certain this is a no-brainer for lots of people, so any help or insight is greatly appreciated.