"Although, quarter-by-quarter, we have observed some market-specific increases, over the entire period, owner occupancy rates for REO sales have broadly weakened," said Brian Hurley, New Vista's president and chief operating officer.

In fact, FHA no longer requires that the transaction wait 90 days -- this rule was "temporarily" waived back in 2010 and the waiver has now been extended through 2012.We routinely rehab and resell in fewer than 90 days (for significantly more than 20% above purchase price -- often more than 100% above purchase price); while there are some lenders who still won't do these pre-90 day transactions due to their particular underwriting overlays, there are plenty who now will, and it's certainly not prohibited by FHA at this time.Talk to a couple mortgage brokers who work with regional banks in your area, or even talk to a Wells Fargo LO, and you'll be able to close these loans in fewer than 90 days from purchase.

Your second weakens my position.

If it could ever rent for $1200/month, then market it at that rate and get someone in there for a year like you normally would.The only time we do short-term leases is for companies, like insurance companies, who send one of their agents temporarily to an area for 3-6 months at a time.

I never borrow for the actual investments, but if I were to need short term access to some of that money, I can temporarily borrow against the account, without realizing any capital gains.

They talked about letting her stay, but came to the conclusion that the "mental damage" being caused is worth getting rid of the tenant even if it temporarily damages their wallet. 

.:- If it's paid off, you could potentially leverage this house (take out a Home equity line of credit by making the house your primary residence temporarily, or refinancing to take out a new mortgage)- Then rent out the house to cover the cost of the debt you just took out- Utilize the debt to invest in another property (Ideally a single family or small multifamily BRRRR deal)- If you do it well enough you can pull all of your capital out of the second deal to invest again... even if you don't do it great you could end up with two properties paying down one loan.Just my opinion, but as of right now you're homeless and hungry (15, with no money).

Drop the Gradient, it weakens your logo. 3.

Relatedly, since the cancellation date given is sooner than repairs are likely to be finished, will I need a builders policy or vacant house policy temporarily until the house is repaired and re-rented?

Or do you know someone who needs housing temporarily.