All traps should have had anti-freeze poured in (that's sinks, tubs, shower pans, toilet bowls).

It was anti-the American dream of buying a house and having it increase in value, sometimes slowly, sometimes much faster.

I am purchasing my first property with Fannie Mae and after we had negotiated the price they stuck the anti-flip clause in the addendum.

Thanks Nick and ANTI, I didn't really consider an S-corp but now I will!

FHA just lifted their 90 anti flipping rule, at least here in CO.

You need to understand creditor laws in your state before you can properly evaluate the risk in accepting a tenent in obvious finacial distress.In my opinion, unless you know what you are doing and your state offers anti-defiency protection, you should stay away from prospective tenants in such financial distress.

I'm not trying to be anti-social or anything, but, from time to time, I either do small jobs on the property, inspect the work contractors have done or want go to the property and have a look around (with the PM) and not be bothered.  

What is the creative solution around the re-reinstatement of the anti-flipping rule?

I've never given it yet.Anyway, I'm going to give them a Notice to Quit to terminate the month to month and give them a new lease with all the unpleasantness I can under the NJ Anti-eviction laws (they require lease renewals and limit rent increases to "not unconscionable").

Here in NJ you need VERY specific language in your leases to collect any late fees as well as court costs Etc...Lease must state that any late and or additional fees are "additional rent" IF this isn't stated Judge and dismiss anty and all fees.Ask me how i know