“We’ve had cases where a short sale property is listed in the MLS as ‘active’ and, in less than an hour, it goes into ‘pending’ status.”Florida Realtors’ Vice President and General Counsel Margy Grant says the requirement will change the way some members list a home in their MLS.

I'm exhausted just from reading what you had to go through!

As long as you wait until the owner occupant FirstLook period is over and properly identify yourself as an investor rather than an owner occupant on the offer there is nothing wrong with buying a property from Fannie to rent out.

It takes less than an hour and costs $21.

And there might be limitations on the exhaust vents also.You also have to look at hot water heating, if the existing boiler is one of those winter-summer hook-ups.And as for separate electric, if you have any public lighting in common areas or hallways, then you will need a house meter to keep that from being billed to tenants.

Ditto for the issues with automobile exhaust fumes entering the house, when the garage is detached.

A savvy seller will know its harder for an LLC to get a loan than an individual.

I HAVE PUT PROPERTIES UNDER CONTRACT AND IN LESS THAN AN HOUR HAD IT SOLD WITH A GRAND EARNEST MONEY.

Conclusion:We will exhaust all the property evaluation tools before signing a business transaction deal.

(Not many of those around anymore)Potato stuffed in an exhaust pipe.