Renting to FHA Buyer to "wait out" 90 day seasoning

[Brian Wall]

ok, I am trying to think outside the box, regarding short sales, and how to resell them to FHA end buyers. I am focusing on Southern California market.

I don't know FHA lending rules very well, except that you need to have 90 day title seasoning.

If I purchased a short sale, and then found a potential FHA buyer, could I rent the house to them for the 90 days, then submit the offer, and go through escrow, etc.

There are two issues I can see:
1) many agents won't want to hear they have to wait 90 days+ for their commission (no problem, I can get the buyers myself)
2) the appraisal that may come back 3 months later, could be different than it is today, that is okay, we can just adjust the purchase price. They either get it for the purchase price specified today, or the appraisal value, whichever is lower. I am only buying at 60-65% of market value anyway, so, I have some cushion.

I am not looking at this as the ideal, but more as a backup, if I go to flip a short sale and cannot find a buyer who's lender requires 90 day title seasoning.

Am I overthinking this? Do I even need to have a backup plan?

Any advice or opinion would be greatly appreciated.