It’s about resilience, resourcefulness, and taking steps forward, even when the odds feel stacked against you. 

It'll restrict that cash flow, but unlock a nice option for the family.

This can give you the flexibility to fund your flip without the restrictions of a HELOC.

In Canada, for example, the average mortgage term is 5-years, so every 5-years you renew your mortgage and have the opportunity to pay down as much as you would like (if you wanted to pay more than the payment restrictions of a fixed-rate mortgage).If you want to pay down your mortgage more quickly and cannot afford to increase your payment, simply switching from the default monthly mortgage payment to accelerated bi-weekly payments will reduce your amortization by ~12% (the extra payment per year from the accelerated part) and reduce the overall interest paid by slightly more (~14%).Naturally, if you increase the bi-weekly payment, you will pay down the mortgage more quickly.  

Being that your tenants are month to month does provide some relief for the new owner in terms of being less restricted on raising rent and/or replacing the tenants.

Aside from restrictions, the thing that is surprising me is the low cap rates. 

In the meantime I will continue the search for a new PMC and talk to our lawyer with the intent of filing a suit since odds are it will be needed. 

I read the wholesaling is legal in Texas but what are the restriction.

Here’s the idea:A private lender could pay off the FHA loan, allowing us to give them the first lien on the property.This would free us from the FHA restrictions, enabling us to move to a more suitable living situation while addressing the lead issue at a later time.What I Need Help WithPrivate Investor Leads: Does anyone know of private lenders who might be interested in exploring this option?

If the loan is not being serviced by a third party then odds of getting this are going to be slim as most mom and pops don’t know how to do this but yes they should.