Did you have a written contract with the broker, or a loan commitment?

If he is buying HUD homes he can only buy one owner occupied HUD home every two years.By him intentionally trying to decent people about being an owner occupant he is showing he knows exactly what he is intending to commit fraud.

Property is currently partially rented and all three apartments have market-rate lease commitments from June 2014-May 2015.

He's committing tax fraud.The Current AFR "applicable Federal Rate" is 3.32% Which is up from 3.25% a short time ago.I recommend going with this.

If you want them to commit to you then it should be a two way street.

Most times they weasel is when they note the issue in their commitment, like of access or will not cover location of property line if no survey done etc.If you ever try to refinance some of your money out or use it as collateral you will have to buy it anyway.

I wanted to settle on a target neighborhood that I knew intimately before I committed to rehabbing a project from start to finish.

However, I think when you start talking about becoming a top producer as an REA, that's takes more commitment to that side of the business than I think allows you to work toward becoming an MREI.Sure, if you want to take what I think is a slower route to becoming the MREI as an REA, you can, but that's more of a time commitment to being an REA than I want.

With other commitments and the holiday I wasn't able to get out to the Post Office before New Years.However like a generally good tenant that might do one thing to really piss me off I decided to focus on the good and didn't file the paperwork to get rid of her

So do your home work before deciding to fully commit your hard earned money to anything.