There may be limitations in his loan that either limit his ability to sell quickly or to get another FHA loan if he wants to buy another house.

I grew up there as a child before moving to Canton.120,000 should get you a decent starter home in Woodstock.You can find one that used to be in the 180k to 200k range at the peak back in 2008 for 120k now.When looking if you are not happy at 120,000 in what you find bump up to 140,000 or so and you can negotiate down to your 120 range.You don't need to pay off your credit card balances just get them below 33% of available credit limit and it will boost your score.I know doctors that open up practices and have to pay off very expensive equipment over time but didn't know the schooling was so expensive.

@James Dempsey,The duplex-only limitation is solely at the discretion of Navy Federal.

If the govt is going to maintain a stake and be part of the process, nothing like that is going to happen fast.They can do 1,000's, not in 14 days in the same MSA, there is a limit contractor availability, but 1,000's nationwide in a flash.

Not sure why that matters other than you have a limited time frame to find and acquire properties but given today's buyer's market, that shouldn't be difficult.

If you're in the city limits or etj, they are going to inspect your rehab, require you to go through city council for approval of subdivision.

Not as much as J does, but we stage.)We generally work on tight lots with limited distance to side to side neighbors.

You could put some limits on the difference between the current value or put a range on the value.

I have been researching lenders, however I am getting conflicting statements on the property limit guidelines.

Item B, finding a good contractor is critical to this business.