Translation - it ain't goin' nowhere.

No facts will ever change the altered history, it's just how it goes for those who only read what the alterers write.

I always prefer phone conversation as so much can get lost in translation in email or posting.

That translates to $30,528 a month in true cash flow or $102/unit/month.

From: http://www.phoenixpowersearch.com/2009/09/wow-no-more-fha-90-day-waiting-period-on-flipped-foreclosures/

"Prior to September 14, 2009, FHA products were denied to buyers purchasing homes from investors that buy...

Imagine the cost to us, if we had let a fear of unknowns cause us to defer or alter the deployment of capital.

A good investor will bring to the table an ability to negotiate a better price from the bank which should translate to a better price for the end-nuyer (you).

Not sure this translates into you paying someone to do PM duties.

the problem with that statement is, it doesn't matter what you believe when the law clearly states what it states and it is translated into plain English Words by your paid attorney.

If it's in place, it may alter your acquisition strategy depending on your skill set.If you're not good at renovation and repairs, you may need to buy different properties.But I'm of the opinion that if you disclose any problems with the property that you're aware of and your seller still goes ahead with the transaction, you should be fine.But always check with your local officials on this.