Moral of the story, there really are not any loopholes though folks attempt to conjure them up.  

(Who also is fha financing) broker said the other party have a loophole around the 90 day rule.  

Just curious, but do you believe the regulation I posted above is not accurate (despite it being published by the IRS) or that it doesn't apply to you (if so, can you indicate why) or that there's some loophole that your CPA knows about (if so, can you share it)?

And I don't think that's a loophole...my guess is that they are specifically trying to deter wholesaling, where the value would -- by definition -- be artificially inflated if you resell quickly without doing any improvements.

Is there any loophole that will allow me to put down just 10%??  

In this obscenely smothering regulatory climate, I know it sounds like a loophole of some sort, but it’s not.

I'm sure there are loopholes for both (like duplexes or living in it first for the latter), but generally speaking these are both true statements.  

Other posts say it could be a problem but I'm sure there's a loophole somewhere.

This feels like a loophole everyone is already abusing and will be redacted as a result of it. 

There are loop holes, if it's not on a permanent foundation, it's considered basically a trailor which is what they're built on and yes I have seen the mod homes...my father has developed and built 10 of them, since they're considered "prefabs" and made them look more luxurious than your average new home... because of it's appeal we both know, but, as far as micro homes go..