You can either purchase them outright and keep the revenue or contract it out just to reduce excessive water use.

Seems excessive.

Or I could get a mgt company in this scenario too.I would spend the year the FHA needs you to intend to stay in the property using my limited handyman skills and contracting other repairs and build cash in excess of capital/vacancy reserves to get into other deals.So, this is the short vague version of my business plan.

$600 billion, not $600 million, although there was such a typo in the Wall Street Journal,The Fed buys bonds, which creates a shortage of bonds relative to all the cash out there that would otherwsie be invested in bonds, which creates excess liquidity since that cash needs to be invested elsewhere.

I have a specific deal going, and my assignment fee will only be $5,000 so it's not excessive, and the retail buyers would be getting a house with at least $10K of equity in it, so I know there won't be appraisal problems.If a simple Assignment of Contract will not work, has anyone ever heard of filing an Affadavit (or Memorandum) of Contract with the local county clerk, and then invoicing the seller for "Release of Equitable Interest" or "Release of Contract"?

Wipe up any excess with another napkin.

I have a MHP in Lakewood and the city does not have storm drains in place for excess water runoff so we have a French drain in place to keep the water from pooling in he MHP.

In my example on the duplex in Texas, I am paying down the loan with EXCESS cash flow from my tenants.  

We dont rent by the room but I think if we did we have an excessive use clause for water that i pont out on move in that I would still keep.

I didn't get mine until age 31 but then again I spent a couple years at grad school in my 20's and I also live in an area where the average house costs in excess of $600k so ownership is tough for a young, single earner (thank God I got married eventually!).