Forget about flipping houses. If you want to make some real money on the housing market in 2012, help out the White House and start renting out foreclosures. This past Tuesday, the Obama administration announced that it’s working on a pilot program to sell off batches of Federal Housing Authority-owned foreclosures around the country – as rental properties. While there are many questions that need to be answered before the program becomes active, there’s also a lot of money to be made for real estate investors who have the cash and the work ethic to succeed.
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