Lastly, I think this could be a very good instructional thread and EVEN BETTER PODCAST for investors who are looking to grow their portfolios.

When you're ready, this site gives step-by-step instructions for each state.

I'm already a licensed agent in Fl. and want to represent our deal but I have been traveling and inactive for about 2 years; I only actively worked for a year prior (and I've never sold a multi).

The letter says my options are return to prior state, which to me is nothing but what I see, pay lump sum to purchase or lease it.

What I want to know is if the buyer needs to have the CO prior to close?

No, but there is a 120 day redemption period the IRS has that you should wait out prior to doing any rehab etc.  

We plan on doing this through a series of flipping and rentals.Type of Property: The property we are looking at is a 4 bed 2 bath single family home @ 1865SF.Location of Property: WIPurpose of Financing: Purchase-Renovate-Cashout RefinanceType of Financing Sought: Note sureCurrent or Prior Ownership of Realestate: NoneOccupancy: Living with parents after graduating school to save moneyValue of Property at Present/Offer Price: $100,000ARV: $200,000Anticipate or Actual Appraisal issues: Yes, currently vacant and winterized (wont know if water is working until purchase)Current Rents per month: $0Fair market rents per month: $1,750Down Payment: available right now $5000Source of Down Payment: own funds Income Source: SalariedGMI: take home around $3600Monthly Debt Obligations: student loans $1000FICO: GoodCredit Issues: none really never late but student loans do suck

We make sure background checks are completed, we call prior landlords and verify work history.  

I have also considered emailing the SEC with screenshots of my website to check with them prior to publishing, but if I publish and they contact me at a later date to change some verbiage, I suppose that would be the same end result either way...  

Yes, it is important to follow a very simple rule: before wiring money, call the person on the phone and verify the instructions came from them.