Buying a Fannie Mae property in Illinois

[Scott H.]

Hi everyone,

I don't fully understand how it works with flipping Fannie Mae Homepath properties. I'm looking at one right now in Illinois and would go with a conventional loan. I understand the 90 day rule but other than that do I have anything else to worry about once that time frame is up? Am I free and clear of the restrictions after the 90 days?