I have already ran all utilities from my original rehab budget but need about 30k more to finish.Now im 22 and really took the gamble putting most of my money into the original deal so savings isn't really an option.

Common illegal activities are involvement in drugs, subleasing the property without prior approval, illegal gaming or gambling, cockfights.Holding overA holdover tenant is someone who continues to stay in the rented property without the consent of the landlord even if the lease has already expired or has been terminated.

I can't find any information on occupancy requirements prior to sale for an owner-builder in this state, though it's well-documented in some other states like Texas so I'd be surprised if no guidelines exist. 

With respect to the equity, If you have 25% equity in the property you may be able to pull out some money depending on what the lenders LTV guidelines are.  

My main question here is if FHA would allow that as I am sure there are more guidelines regarding FHA loans.

The current guidelines reduce to 50%+/- and there are the equivalent on the waitlist.

Even if you're aiming for appreciation and want to hold more than five years, you'll still be gambling a little bit basing your purchase on Micron.

Hi Tara,The 12 month seasoning is pretty standard as it is not lender specific - it's a Fannie Mae/Freddie Mac guideline.

Unfortunately because loan programs change so rapidly, you might have to manually call local banks yourself for programs as they evolve their lending guidelines. 

Using loan proceeds to purchase another primary residence is considered consumer purpose and would not fall within DSCR guidelines.