Ummm FHA financing is a program insured by the US Federal Government for real estate in the United States. 

As a new investor, if you find yourself in this situation, it is recommended hiring a representative to negotiate the lien if it is federal, it could actually save you money.

So, you're way ahead of most new to real  estate.In recent years we've had a frenzy of new laws at the federal level, mostly with financing, tax changes and settlements.

As far as I know modulars have state level permit, I haven't heard any federal level, means that the mod co needs to get state approval for all states to do this.

There used to be a federal law (Protecting Tenants at Foreclosure Act) that addressed this issue, but that law expired at the end of 2014.

The creation of the CFPB lit a lot of fires under other regulators - state and federal and the intertwining complications between retailing manufactured homes and lending on manufactured homes suddenly emerged from under the radar to being in everyone's gunsights.There are ways for small operators to still function, but not without cost, and not without complication.

There is no lending de minimis federally for homes being sold by someone who did not live in, or inherit the home.John Ferdo maintains a list of rules for dealer's licenses which has no impact on lending rules, unless the titling authority in the state also does not allow unlicensed seller financing of titled manufactured homes.

Here is the breakdown. 1/1 Condo (1st floor) east of Federal Hwy in a Class A section of Lighthouse Point, Fl 33064Rent is $800 now (Tenant there for 2 years)-No problem getting new rent of $900-$950HOA is $190.00 a monthTaxes are $60 a monthLiability Insurance is $64 a month. 

I have a good income, steady job (federal employee), and great credit so getting another loan is not the issue.

As the recipient of a gift, you have no federal income tax liability on the value of the gift.