However they have been completely repainted and there is no peeling paint so if it is present it is encapsulated, so that is a reasonable approach to protecting my tenants IMO.

The heating company boss (who got called down to our house by the contractor) deemed it so important to get replaced that he was pulling people from other jobs to get it done today.Needless to say my father-in-law is now a believer in my inspections (we also found a moisture problem in the bathroom causing the paint on the ceiling to peel that had never been reported by the tenants and fire alarms that were not functioning properly) and I'm so glad that I have a reserve fund!!

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The loan officer and my Agent said peeling paint, no appliances, and ruined floors would cause a no go with the FHA loan.   

I'm actually keeping my eyes peeled in Boston-Edison as it's pretty close to the growing Midtown and Downtown areas.

To be an FHA direct lender you need to meet the following requirments: 1)Certified original audited financial statement with adjusted net worth of at least $250,000 that has been prepared within the last year.2)A senior corporate official showing at least 3 years of experience handling FHA affairs (loan origination and servicing background) 3)Multiple credit and background checks to verify legitimacy of the heads of the institution.4)$1 million warehouse line of credit or equivalent funding program to show liquidity and lending power.5)Business plans, quality control plans, E&O insurance policy, sanction letters, fidelity bonds and other formalities to provide security.As you peel the onion it makes more and more sense why some lenders offer certain services & products and why others simply don't qualify to do so.

Dirt lawn with knee high weeds, peeling paint everywhere, fence needing repair.

I was saying to myself that I need to wear some closed in shoes and the owner told me that there was a little mold problem, so I'm thinking to myself that I might a mask too.

Then pay the neighbors $50 to keep an eye peeled & call cops?