(B)That the Tenant/Buyer will not use the property for any unlawful purposes; and that the Tenant/Buyer will conform to and obey all laws, ordinances, rules, regulations, requirements and orders of all Federal, State, and local government authorities, agencies, departments, bureaus, boards or officials, respecting the use of the property.

If he leaves the keys, he's officially turned it over to you.

In addition, since this isn't an official mortgage it doesn’t saturate my debt/income ratio freeing me up to finance additional properties through conventional means later.

It may be too late - but you can go to the county tax records and look up by address to find out who owns the property, then go to the county's "official public records" and search the name and see if there are any other liens on the property.  

You can check out meetup.com also to try to find more, maybe less "official" RE groups that don't charge.Good luck!

To be an FHA direct lender you need to meet the following requirments: 1)Certified original audited financial statement with adjusted net worth of at least $250,000 that has been prepared within the last year.2)A senior corporate official showing at least 3 years of experience handling FHA affairs (loan origination and servicing background) 3)Multiple credit and background checks to verify legitimacy of the heads of the institution.4)$1 million warehouse line of credit or equivalent funding program to show liquidity and lending power.5)Business plans, quality control plans, E&O insurance policy, sanction letters, fidelity bonds and other formalities to provide security.As you peel the onion it makes more and more sense why some lenders offer certain services & products and why others simply don't qualify to do so.

It MAY not be an eviction issue since there is no official landlord -tenant relationship.  

The only official BP events are those that is planned and organized by the employees of BP. 

It may be possible that the owner got confused between a real estate agent completing a BPO and an official appraiser's inspection.

The sherriff coming and clearing the house will officially give you possession back.