I can't find an edit button, but started a new word of upple.

I'm toying with the idea of purchasing a less expensive property outside of my local area for buy and hold purposes, and also toying with the idea of putting an LLC in possession of the property for legal protection and to reap the other known benefits of having an LLC...However, I don't want to ruin my personal chances of getting an FHA loan for a more expensive home in my local area with little down as a first time homebuyer, and I wondered what the word was.Do I still qualify for an FHA loan even if an LLC in my name is in possession of habitable property?

and do not forget to set up your key word alerts, that is in my opinion the best way to use this site, tell us more about your first flip, did it end well?

Hi Lyandrea,lolMuch appreciated and its a pleasure hearing your words.

These statements are becoming very old and appear to be par for the course for those with limited knowledge of how these rules really work.I guess I have to write a follow up book on the meat and potato details of these rules and how they should be applied along with the big exclamation point wording that these deals are created and not just floating around on the MLS.

You might want to back up a little and not accused the HML because you are the one needing the funds and bad news travel fast if he put the word out on the streets you might not get anyone to help you.Joe Gore

Definitely set up key word indicators, check out the podcast and read the blogs.

Get the word out!

I would read the NFA letter word for word and follow up with an EPA engineer under due diligence to validate everything that you have been told.

In other words you will likely be able to find many more mobile homes for affordable prices, lower lot rents, and a larger "for sale" quantity if you travel further inland than you currently are.