Instead of focusing on the poor family losing their home, they are showing the side of the person that is purchasing that home cheap and reselling it or renting it out.

Typically, you can't resell quickly, so holding costs can potentially eat up any profit you would otherwise make.

Therefore, he will have to close on the property, sit on it for the 90 days in the deed restriction, then re-sell; or re-sell within 90 days, but for an amount not more than 1.2 times his purchase price.

I assume you mean that you purchased a home with FHA financing and now you want to resell it?

The local banks just sign up with wholesale lenders, or one or more of the big banks, and the local bank just acts as a conduit, immediately reselling the loans as they originate them.

Bill Walston : Is there a time period for ownership that signals the intent...own/rent for 1-year, (investment), or re-sell after 90-days without renting, (inventory)?

Timeshares/points our hard to re-sell in today’smarket.Timeshare/points is good for personal vacation usages.

You will be required to disclose the flood to potential buyers when you resell.

With a large building your management costs are lower than a portfolio of single family homes all around town, and your more protected against vacancy, because even with 1 or 2 units empty others will still be providing some cash flow.If you want to be more active you could buy a single family home at a deep discount, rehab, and resell for a larger profit but this requires much more involvement.

-bump in flooring where living room meets kitchen-sink supply lines cut short-needs virtually all the essentialsHere's the upside:- priced around 100k with comps of same sq ft going for 180-220k (most of which could use updating). fwiw, it sold for 350k at peak of market- up and coming area- strong rental area (close to a college)Is this worthy of buying to rehab, rent, and resell in a couple/few years (after the area has gentrified further)?