This FHA 90 day flip rule certainly causes confusion.I am getting conflicting info of which date to go by as far as the acquisition date to use for this time measurement.  

Guys sorry 1 more thing- if you use listsource very much, call their customer support line, ask to talk to manager, and ask to be upgraded to a bulk list buyer (or whatever they call it).

Thank you biggerpockets community for the instruction and support that has allowed us to be in the position to need to ask these questions. 

If as an owner I live in the house for a few years then I rent it out again, does the old "rental control" rule come back to this same unit?

Thank you both : )Matt - For a foreigner it is very hard to choose an area, especially in a country that New York alone is bigger than my own country LOLIf for example I want to choose an area in my country, it will still be easier even if I'm not familiar with real estate and even if I didn't visit it all (I didn't see most of my country :) ), because I know the language, the people, the rules (!!)

I told him that it is the building rule and I want to enforce it.

The IRS allows you to buy real estate with your IRA, with some very specific rules for doing this. 

State Island is part of NYC so you have to follow city rules on top of state rules.

The problem comes when the few banks I've spoken with average my current income/ytd with previous 2 years w2's and can't get me to even 70k based on their rules.

Most of the deals I analyze, I use the 70% rule as a starting point.