This is NOT an accounting nightmare, as some would have you think, but your accountant should be on board with you so that he isn't surprised when you walk in the door at the end of the year with this.

I started to post at the first but had to put my computer down, there are several issues, the first is the OP's strategy, read it carefully and see if you see any issues.I'm also surprised reading between the lines of other posts.May be we need a thread on predatory dealing, practices and why RE isn't like selling a used car or a box of bubble gum. :)

There aren't any more, or less, surprises with an FHA loan than any sort of conventional one.

You would be surprised how many people will accept a prevailing attitude or practice to be the law or "the way it works."

I talked about in my webinar that new construction comes with more certainty and less surprises.

I'm not surprised to see a developer go in and build out a subdivision or two if they can find the land to do it.

So all I knew was, what I could and was willing to afford I saw the numbers in front of me....There were NO unexpected dollars needed simply because the car was fully under warranty, my maintenance was include in my payments.Buying a pre-owned vehicle leaves room for the never-ending surprise repairs and or maintenance....

With that being said, it's not surprising to hear of someone being creative and/or seeking more security.

Price is surprisingly (to me) robust.

In fact I would be very surprised if they had that as it is basically a pre-payment penalty.