I just looked at a house with renters on housing assistance (HUD I think). The rent ratio is great. The house is in fair condition, but the renters aren't very good housekeepers and have been there 14 years. They just have a lot of stuff, like hoarders. I've seen much, much worse. Supposedly the house is infested with roaches, but I didn't see any pests while there. Aside from the concerns of roaches to the home, how would the transition of ownership go with HUD? Inspections? Asking for any house, whether I buy this house or not.
@Scott Grover We bought a house with section 8 tenants. It was pretty easy to change the payment from previous landlord to us. The only thing we needed to show to HUD was a grant deed to prove that we are the new owners.
Thank you @Account Closed