You bought a house with FHA and signed documents stating your intent to occupy for a full year, then come to the Internet and document that your plan was only 6 months.

It is still recommended to hold the asset for at least 12 months and have an INTENT to hold when purchasing the property.

I went to see the property, took notes and pictures of the property and my intentions were to go home and estimate the repair costs.

@Yolanda WilliamsI think you may be using the term "flipper" incorrectly when you mean to say home seller.A flipper is a person whose intent is it buy homes, fix them and sell.It appears in your case that you originally intended to acquire these properties as rentals and decided to sell them.Your terminology may confuse people and have them provide you conflicting answers.

If you are simply setting up a single entity LLC with no intent to be taxed as a partnership or to file a tax return as the LLC then the LLC itself is a "disregarded entity".  

I did a brief search of South Carolina law for withholding rent(similar) , it looks that a 14 day notice to cure along with notice of intent to withhold rent is required.  

Again, similar to a credit card that you pull out when you see that shiny new 65" TV that you had no intention of buying and also don't have the money sitting in the account.

MaxInformation about my rental:I purchased the home 4 years ago, with the intention of living in it, but was moved for work soon thereafter and vied to rent it out in lieu of selling. 

But like almost anything in real estate, most things are highly localized and market specific, and there are definitely:a) Wolves out there pouncing at the opportunity to take your moneyb) Very well intentioned people who just don't know what they're doingc) People who do appear to have a successful track record but can be a bit short-sighted (throwing large sums of money into the real estate game with no regard or proper planning for the next inevitable market shift)d) People who seem to get lucky sometimesande) Guys who are experienced, have a track record, and are prepared to play the long game (are aware of market cycles, have a plan that limits their and/or their investors exposure during potential transition periods between market swings, and so forth)There's probably more but that's my short list off the top of my head.

The frauds making promises to purchase with no intention are victimizing sellers.