If you spend a dollar on any unnecessary expense and save $0.28 or $0.33 or even $0.99 (though we don't have any tax rate that high) you still are worse off than if you had kept the dollar and paid taxes.You should ALWAYS take the depreciation deduction. 

I don't know that they can prevent the owner from renting it (maybe they have the right to disapprove all tenants in that case) but they Do have the right to restrict the occupant from common amenities (pool, gym,etc). 

As Account Closed has shown in the link, there are some regulations in place preventing you from routinely using an FHA loan to flip properties.It's my understanding that FHAs are for OWNER OCCUPANTS.

Under these facts the Association had to intervene in the bank foreclosure within 30 days of the recording of the Supplememtal Lis Pendens, and failing to do so barred the Association from liening the unit and foreclosing its lien.The affect on pending mortgage foreclosures is to prevent the Association from initiating a separate law suit for delinquent assessments when it doesn't have a recorded lien at the time the bank's Lis Pendens is filed.

., say these new financial regulations aimed at protecting consumers are long overdue and will end unnecessary abuses.

My attorney suggested cash for keys but I am literally DRAINED from the purchase and still have the closing costs to worry about and hoping to avoid unnecessary expenses.

Tenants know that even though security is not be used for last month's rent, there isn't much you can actually do to prevent it.

And you save another maybe 5% on unnecessary maintenance and or mark up on the work.. you don't have re leasing fee's you keep the late payment penalties..

Any suggestions on how to prevent this or save money in the future?

I don't see anything on the websites of either program that directly prevents lending on a VA and an FHA loan, but that doesn't mean the banks don't have their own set of rules.Paging @Albert Bui for questioning