They all still held steady in their statement to him that they can still underwrite the loan and as FHA (not another portfolio special option).Has anyone ever heard of anything like this being possible?

I have only found one meetup and it's only held once a month.

It  has metal siding and roof and is unheated and un-insulated.

She says that flips are NOT "held for productive use in the trade or business".

Also, it's only a few years old, so repairs and maintenance costs should hopefully be held in check. 

You aren't being held to a year long contract or having to pay a buy out, getting attorneys involved at this stage will likely over complicate the situation, not to mention cost more money.  

I also found that they also held back a month's rent from my other property, and unless I mentioned it they would have never paid me.

But I figure if I put it out here on BP I’ll be held a little more accountable!

You will pay so much as he finishes the job with about 15% extra held until the very end so you have enough extra to pay for touch ups, etc or hire someone else if he flakes. 

Held the house for a few years (past the required ownership for taxation), and listed for sale.