Last 5 deals have all came from our direct mail campaign.4 wholesales closed and one flip under construction.

Federal law, Dodd-Frank has requirements and restrictions with properties that have had new construction performed, 3. you'll need to find a mortgage broker to originate loans in compliance, not so easy.Not something to ignore as there can be very stiff penalties, up to $100,000 in fines and/or 10 years in a federal prison!

There are a few restrictions with regard to earlier FHA loans.

One provision of great importance to the real estate industry is the new restriction on local time of sale (TOS) requirements (section 4595c).

Is the FHA restriction only based on administrative discipline?

The most common way that I know of is buying a lead list (listsource.com) and investing in a direct mail campaign.  

Today I missed out on a house by $100 which went to another third party bidder.It's getting very frustrating as I spend at least 6 hours per day researching the auction properties.I'm starting to wonder if I would be better off investing that time into my driving for dollars campaign.

Of course, somebody who is on the list could move in close by afterward, so there is no guarantee unless you buy close to a school (they are restricted from living too close to schools).

It WAS one of Obama's campaign promises but he didn't do anything and again, no, there was no "Obama Moratorium"....and your idea about bidding at a foreclosure sale?

Banks became stricter and imposed deed restrictions (now wholesalers can't re-sell a shortsale within 6 months or even 1 year).