FHA revisited

[Larry Moore]

I have asked this question before, but I am finding more and more of the calls I receive are from homeowners with FHA loans. Between those and the BoA prospects I am turning away, it doesn't leave much to work with. Is anyone having success working FHA short sales? In the past, the main issues I have faced have been:

1. FHA Appraisers are not open to being influenced.
2. The appraisals have come in on the higher end of market value with not much of a discount.
3. Lender still wanted the property to be listed on MLS starting at full appraisal.

I am considering working with FHA loans again on properties that need enough work to make them unmarketable and better candidates for discounts, since I prefer those types of properties anyway as a fix and flip retail investor. The area I am investing in keeps me in the $80K to $90K range retail for first time home buyers.

Any thoughts, advice or experiences?