FHA 90 days rule, how it exactly count and more

[Andy Wu]

Hello,

I have a house I bought in March 22nd and rented it as lease to purchase. Now the tenant want to buy it with FHA loan. What is exactly the earliest closing date for house can be sold.

Is it can be closed on 6/21 or on 6/21 the buyer can apply the loan.   The house is remodeled by an flipper on last December.  The flipper bought the house at 80s and I bought at 130s, and now my tenant will buy it at 170s. I am worrying about the appraisal may not be that high as I only bought a new refrigerator.

I am also plan to do 1031 exchange on this. Should I postpone the closing date to make sure the closing can be done on time? my tenant want the house to be on their names asap. There are a lots of fees for 1031 exchange.

What's your thought here.  My lender recommend to sell it after 1 year.

Thanks,

Andy