We will see how the Federal Flood Insurance works along with how long it takes for FEMA to show up and the President to send Federal Funds for the hurricane disaster areas.

In general, when you purchase a home in an association you are bound by all of the CC&Rs a.k.a governing documents, which would've included all the rules around rentals.

I ended up with a non-recourse loan with First Western Federal Savings Bank www.myiralender.com. 

The question is if the previous owner had a contract but now is in federal custody is that contract valid.

Is there a certain way to search out pre-foreclosures on a government computer?

It was supposed to be done by this month, but due to government agencies involved, it is dragging on.

What rules govern my behavior as a borrower/business?

Bernie Sanders (I-Vt.) announced Tuesday he would introduce legislation in the next session of Congress to fix our rigged tax system and close loopholes Donald Trump used to possibly avoid paying federal income taxes for nearly two decades.

Also, when I was making offers, it was just over a week before the government changed their lending rules so I either had to purchase a place or wait and save up even more of a down payment otherwise I would have been priced out of the market.  

In my opinion, yes, it can be done, but you're looking into a bigger mess as far as the government is concerned.Lets preface this with I don't know exactly how this works either, but after a certain amount of people are involved you have to report as a Real Estate Investment Trust (REIT) and have to file extra forms related to your business and also after a certain threshold you also need to report members and their distributions to the Securities Exchange Commission (SEC) so they know as well.Being young (as am I) you are going to run into a lot of dead ends trying to apply for a residential loan with a business name.