I don't pay too much attention to credit, since I've exactly one tenant with decent credit and they ended up doing a midnight escape.

Don't get me wrong... we just lived through the lemmings reading about how great real estate investing was... and once all of the get-rich-quick crowd entered the market we saw how that worked out.Yet... after reading this article, I am convinced that the authors just like the magazines are only pouring more koolaid for their thirsty readers...Leaving the real estate investment field un-encumbered for those who are informed.

I've never paid attention before to the FHA flipping rule before, can anyone verify this rule?

Add some giant $$ on the letter to get their attention.

Then they simply spoon feed it to a public that is hardly paying attention to anything longer than a 15 second sound bite.

Then I started to put the cover back and paid closer attention - the heater was sucking that cover back.

Thanks for bringing a very important article to our attention.

Now this is rather odd, since HUD has a long standing acceptance and participation in lease option arrangements, especially with Section 8 tenants (so long as no subsidized rent was used to credit the purchase price).Pay attention also to the reason for the underwriting requirements for your buyers and take care not to place them in a position where it is improbably or impossible for them to perform under your contract!

Let's assume that things arent as bad as the inspection report says and only the HVAC needs attention.

This guy called the housing bubble prior to the bust and is saying here that those calling for a housing recovery are not paying attention to what is in front of their eyes.http://finance.yahoo.com/tech-ticker/housing-bulls-are-%22not-paying-attention%22-to-the-facts-says-dean-baker-483703.html?