HUD.GOV is originating source for FHA loan info.

I added value to this property by preserving its original architectural features while modernizing the interior.

If this is the case, would the original seller financing have to mention that the buyer (me) can re-sell the property at any time? 

Unlike a foreclosure, a deed in lieu of foreclosure does not extinguish any of the liens and encumbrances affecting the property.Most courts recognize the execution of a deed in lieu of foreclosure in a transaction subsequent to the original mortgage transaction as a legitimate alternative to foreclosure proceedings.

Originally posted by @Harrison Sharp:@J Massey if you want to connect shoot me a DM and we can chat more Appreciate it.

All original tenants were long term low rent tenants.

I require a high credit score 680+ and two prior landlord references.

If you sell your property, the tax basis (original cost) of the property for the giver becomes the tax basis for the recipient.

He ended up taking my underwriting/origination escrowed money and strung me along for six months, frustrating me, the realtor, the seller, and making my negotiation potential crumble.

Hey @Mike Nelson, never assume anything about STR rules and regs.Here is the STR rules for Oak Park - https://codelibrary.amlegal.com/codes/oakparkil/latest/oakpa...I would call the city and make sure it is legal for a specific property.Now regarding the famous person angle, sure it can add value to the property or as a STR, but for STR use, I would think you would need it to be in original condition with a lot of the furniture and knick-knacks that were owned by the famous person along with a bunch of photos etc featuring the famous person.If you buy a place that has been totally redone but was owned by someone famous but has no features or things that were theirs, then I don't see it being a draw.