My understanding is that, in that case, it would be a repo (as with a vehicle).

I realize that is many areas this happens regularly along with most offer having no financing or appraisal contingencyAs a flipper of low to moderately priced homes, FHA is a necessary vehicle for my end buyers. 

I'm curious what the consensus on purchasing a condo and using it as a vehicle for monthly cashflow is?

I would reduce the number of drunk driving deaths by installing a breathalyzer device in every vehicle in this country.

Instead of jump starting a retirement account (her friend has none) she traded in a perfectly running, low mileage vehicle, and bought a brand new car with bad loan terms.

* Unfortunately had my vehicle broke down and had to finance a vehicle, as used car prices don’t make sense in this market, and I am by myself and need to make sure I have reliable transportation.

I took some big one time deductions like a "cost seg" study on one of my homes and an accelerated depreciation of my work vehicle.

Benefits:Avoids borrowing on interest, which is a religious problem here.Profit from rentProfit from appreciationGet longer term, better quality tenants because they have a share and interest in maintaining the place.Investment vehicle that also avoids companies/funds lending on interest ot doing other religiously problematic things. 

You can get phone numbers on the side of their construction vehicles most of the time.You can also call hospitals that house nurses, especially the travel nurse industry. 

Even experienced investors are better served to lean on others' experience and knowledge so name shame there whatsoever in leaning on others.Best thing you can do is really drill into your goals, both short term and long term, and identify a vehicle to get you there.