@Pino Alu Simply put, if you are looking for an amount of work equivalent to having a second job then chasing the cash flow from a low income property will work for you.Keep in mind that returns on paper are just that.  

I appreciate the story of the hunt and the brief "chase" with getting the bank to release their mortgage.If been to Akron (very briefly) one May and thoroughly enjoyed visiting the town and seeing some of the places historically important to me (Mayfair Hotel, etc.). 

Also for experienced investors, we can lend additional dollars towards the rehab after certain work is completed.In addition to what Chase recommended, be sure your lender:is a true direct lender with their own funds and is not a brokerdoes not sell the note after closing to another lender or fractionalizes your note to several lendersservices their own loansTo provide you a no obligation loan quote, we only need the following information: Property address Purchase price and projected closing date Rehab budget and rehab plan summary Current square footage and bed/bath count After rehab square footage and bed/bath count Projected exit/sale price Property pictures if availableA short summary of your experience We only finance non-owner occupied for sale residential rehab properties and new residential construction.Please give us a call or send an email if you have any more questions.

My reason behind this is I know that I will receive a check every month with out chasing down the tenant plus I have heard (not read) there are other advantages to renting out to HUD.

I think that breeds competition and more people chasing the same asset only increases the price and cuts margins. 

I just love the industry, the chase, the feeling of making the deal, the entrepreneurial aspect of it. 

That said -- I think I'll add tow more things:1) On the focus thing -- it's REALLY easy to chase every strategy and money making opportunity.

I don't really want to waste my time chasing down a bunch of owners to buy the redemption rights for properties that the bid at auctions going to be too high.

In my case it definitely is not worth chasing the tenants since they often don't the cash even if I did get a court order against them. 

Only by the time they lowered the price the market was tanking, so they were chasing the market down for months.