A lot of these programs have re-payment stipulations or income thresholds so make sure you research each program thoroughly. 

Steve, I have not used transactional funds for my REO purchases as I buy all cash (real cash) and my offer stipulates that.

With a typical FHA the other stipulation is that you have to live in it for a year before moving on.

There are areas that have regulations stipulating the short term rental can only be operated by the owner of the property.

No one can employ tactics in the collection of a debt that causes undue hardship, loss of other property rights or property or violates law, doing so as leverage to pay anything contrary to those collection practices or requirements as stipulated by law or regulation.

However, it still entirely depends on the remaining terms of the contract (intended purchase price, EM deposit, appraisal contingency, closing timeline, other stipulations, etc.). 

I still have a team there managing properties and brokering deals under my supervision, but I have since relocated recently to Tulsa, OK to start a branch office of our brokerage here.I have noticed that the laws concerning property management and landlord stipulations are very similar to Arkansas, which makes OK a landlord friendly state, too.

Yes, I am aware of the 12 month time frame stipulation.

And what should I ask for from the Seller in the contract special stipulations?

Or are there any credit stipulations that are across the board for all lenders?