Good morning all,I have been trying to find some info, and know that there are smart people here that may have the answer.An associate is selling a 4plex.The new buyer/offerer was supposedly approved for the amount.The buyer now says that FHA will not approve the loan because the rents that are shown on the appraisal are too low.Has anyone heard of this?

I have found it most beneficial and valuable to my clients to get involved with local real estate investment associations that focus on networking, and education.  

(You can see previews of the forms here: http://www.rentegration.com/form-list/rha-oregon)These associations stay on top of the law and update their forms accordingly, so you don't have to.

As a matter of fact, some brokerages don't allow their associates to attend for legal reasons.  

There are costs associated with access such as MLS dues and sometimes other fees or requirements from the broker.  

I'm a bit biased to be sure, but I've been happy with the Chicago Area Real Estate Investors Association (careia.org). 

@Tami Walker,Before you purchase a Condo in Florida, make sure you know the Rental 9 (leasing) rules for that Association.I've heard of some Associations, that won't let you rent the Condo until you own it for 1 year, others for 2 years, and others won't let you rent it out at all.

I don't want to get the building dep't angry, but I don't want to spend so much on something that really is not necessary for this building.I was hoping to be able to evict for non-payment of rent, but despite threats to not pay rent, they HAVE paid their rent.  

where is the costs associated with each step you do. 

Start executing on your planIn addition, here are some other things to do when getting started:- Join your local Real Estate Investors Association (REIA) and start networking- Ask some local investors to lunch (you pay) and be prepared with some good questions- Find a local investor who you can volunteer to do some work for