I have had that happen a time or two, someone moves out early October and it stays empty until February and the only people who apply are people who just got evicted (but of course will claim on application that they have no evictions.... 

Depending on the state and local laws, you will need to see if the option money needs to be applied in any way on the back end to the purchase. 

I did find the following statute but don't think it applies due to the "uninhabitable" condition.So my question is, will this qualify for FHA financing?

Can anyone tell me where I can apply for a portfolio loan of rental properties (20 houses) All fixed up and rented about 60% LTV.  

Thank you so much for taking the time to guide me in the right direction everyone!

Begin looking for deals via free resources, (here's a good guide to get you in the right direction: https://www.biggerpockets.com/renewsblog/2014/04/23/acquisitiondomination/).

I live in Mesa, Arizona and I would really appreciate if someone can give me advice in the right direction.

You can get the two Brandon Turner books at a good price directly from BP or Amazon.

yeah i agree with stephen l, you don't need a lawyer to file for LLC here in the red stick, i had to send $100 filing fee to have paperwork registered with sec of state web address to file online is sos.la.gov just type it just like that, i also had my bank file for my EIN when i applied for a line of credit application just have to talk to your local bank that you deal with real nice and they will work with you, the 1 i deal with is capital 1!

I have their direct contact info if you want it then just msg me here or on Fb.