a. The big considerations are:

1) An annual audit is required to be submitted electronically each year to
HUD.
2) Surplus cash is limited to distributions no more than twice a year. You
cannot pull cash flow out of a project at your discretion.
3) HUD will inspect the property once every 1-3 years (REAC report).

A property management company familiar with HUD requirements makes
the post-closing process simple.