Of course I am very certain you can use an FHA to purchase a new property  but you will have to follow the FHA guidelines one of which states that you will have to live in the property for a year unless excruciating  circumstances deters you .

We hold most of our investments within an LLC but under some circumstances, we've ended up with some properties in our names. 

This list will be even more effective now, since people who had financial trouble before this crisis are most likely to have circumstances turn for the worse and be ready to sell.Here are a couple reasons why it can be effective* It can be applied to both absentee and owner occupied.It isn’t widely available so “everyone” isn’t using it.

(yes, I know people will argue these and under some *extreme* circumstances, may not be always true)If a statement is only sometimes or conditionally true => probably an opinion, depending on how reasonable the statement is to a "reasonably prudent person."

@Andres Alava"some personal expenses that I have been able to classify as business expenses,"Having an entity does not just all of a sudden make personal expenses now a business deduction.You may be paying lower taxes now...but if the IRS/states come back and say that you filed an incorrect return, you risk paying back the "tax savings" along with paying penalties and interest.Just remember, you are signing off on the return that it is correct.Now, if you are talking about expenses that are normally "personal" in nature and you would have to do it regardless but can be considered a business expense under the right circumstances, that is a different story.I.E. having a meal with a business partner and discussing business during the meal.

To me that's a better mentality about it than just saying to yourself up front that having a buyer's agent is useless, no matter the circumstances. 

Through research, it seems as though if the seller could not perform due to this circumstance the contract is null and void.

Also, I talked to the property management company that said people often buy with an FHA or "must be primary residence" loan and then say that circumstances changed/prevent them from moving in.

If the investor lives at the residence for at least two years out of the five years prior to its date of sale, he is exempt from paying capital gains tax on the first $250K of capital gain ($500K if filing a joint return with a spouse).An investor could rent a house and live in a trailer on the property (1) if the property is sufficiently large to make that practicable and (2) if such a circumstance is permitted by the local jurisdiction. 

Certainly I'd agree that this is a stretch in ordinary circumstances, but wanted to put said possibility out there for further research and follow up for those who may fit the criteria such as a property zoned commercial.Congrats on multiple contracts this weekend!