Selling MF w/ FHA Loan - Does Closing date matter?

[Dan Verteramo]

I am selling a multifamily this month and have a few questions. I currently have a FHA loan due the 1st of the month. I have read that FHA does not prorate their payments. I want to close on 9/30 , but the buyer wants to close on 10/1.

1) Is it in my best interest to close on 9/30? Would I save an entire loan payment?

2) If I were to close on 10/1, would I have to collect all the rents for the buyer? I want to avoid this..

Any otjher information around closing dates in regards to FHA loans would be appreciated. Thanks!