Bill Gulley The house is owned by my father free and clear; the mortgage has been paid completely.

So, I would begin trying to clear up your issues by starting with the most recent and working backwards.

Here's the bulk of that text:------------------------------------------------------------------------The Old FHA 90-Day RuleBefore 2/1/2010, FHA/HUD had a very clear and very strict rule that basically said, “If you buy a property, you can’t resell it to an FHA buyer for at least 90 days after you purchase it.”In fact, in some cases, you couldn’t even sign a contract with a buyer until after 90 days from purchase.

Rob K Yes, once you clear the title.

Have a clear concise agreement with your PM.

(Clearing the tree, repairing the roof, or replacing flooring after the hose let go)If the answer is yes, you are strapped enough to submit a claim for that, then yes, get a policy with a lower deductible.

If the building was fully rented I know it would clear 30,000 a year.

You can't go back in time, but even now that seems like it might be your best bet.Ask around, particularly on this website, and interview a number of managers - then put it on the rental market.Once you've gotten it stabilized you'll be sleeping better and you can look at it again with clear eyes.

The answers to those two questions will help to clear up the confusion.

Patrick,As Demos Loizides said, it's clear you are new, but that is OK.