Eligibility Requirements for Principal Residences4155.1 4.B.2.d Exceptions to the FHA Policy Limiting the Number of Mortgages Per BorrowerThe table below describes the exception situations in which FHA does notobject to borrowers obtaining multiple FHA-insured mortgages.Note: To determine the eligibility of a borrower for one of the exceptions inthe table below, the underwriter must consider the· length of time the previous property was owned by the borrower, and· circumstances that compel the borrower to purchase another residence withan FHA-insured mortgage.Important: In all cases other than those listed below, the borrower is noteligible to acquire another FHA-insured mortgage until he/she has either· paid off the FHA-insured mortgage on the previous residence, or· terminated ownership of that residence.Policy Exception Eligibility RequirementsRelocation- A borrower may be eligible to obtain another FHA-insuredmortgage without being required to sell an existing propertycovered by an FHA-insured mortgage if the borrower is· relocating, and· establishing residency in an area outside reasonable commutingdistance from his/her current principal residence.If the borrower subsequently returns to the area where he/she ownsa property with an FHA-insured mortgage, he/she is not required tore-establish primary residency in that property in order to beeligible for another FHA-insured mortgage.Note: The relocation need not be employer-mandated to qualifyfor this exception.Continued on next pageChapter 4, Section B HUD 4155.14-B-8Increase in family size-A borrower may be eligible for another home with an FHA-insuredmortgage if the number of his/her legal dependents increases to thepoint that the present house no longer meets the family’s needs.The borrower must provide satisfactory evidence· of the increase in dependents and the property’s failure to meetfamily needs, and· that the Loan-To-Value (LTV) ratio equals 75% or less, based onthe outstanding mortgage balance and a current appraisal.

Being a REALTOR is a NAR mandate when you join their third party organization.They have nothing to with practicing real estate and licenses laws and the local real estate commission.

Pass-through charges must be separately listed as to the amount of the charge, the name of the governmental entity mandating the capital improvement, and the nature or type of the pass-through charge being levied.

That's why so few people do it, combine that with the unfunded mandate the government placed on landlords and you can see why almost 40 years after it was banned most multi-families still have it.

Under the regulations, 1.1031(a)-1(a)(2), in combination with 1031(b), will mandate the recognition of gain for any boot received in the exchange.  

Thinking about moving to Worcester, owner occupy purchase a triplex for the lower downpayment of 10-15%, stay for the mandated year, then rinse+ repeat the next year! 

This game is full of "mandates"......

Putting the deed on the shelf somewhere is not the proper way to do this.Some states mandate the Mortgagee take the deed in their name prior to any assignee.  

I have a few rentals in Boise area and the local W/S/T company mandate the utility bill be in the owners name.

Maybe in the states that have created the mandate to not exclude SEC 8 have created a minimum rent amount for landlords to use for consideration, but I have not heard from anyone that this is the case.As a general rule on BP, I'd suggest not getting so riled up about really old posts.