Depending on the size of the island you might be able to make a septic system work, but then you have to figure out how to get it pumped (as you can probably guess will be costly).

I found that there are not a lot of people in my area who have the contacts, the time or the eye to find REO packages so I figured I would fill a niche while everyone else is figuring out what they are going to do.

You know it's getting bad when the grafitti on the bathroom walls is so badly misspelled that you can't figure out what dirty word they were trying to convey.On the other hand, correcting a person's grammar or spelling without being asked to is an act of hostility and not only causes hard feelings, it makes people stop posting.Contrary to what the grammar police and spelling police dearly believe, it does not make them look like superior beings because they understand the inner workings of spelling and grammar.

That's something you'll have to figure out by getting out and learning your local market.

This is the first house I'm buying and it's primarily for investment to rent out and keep most likely until the market turns around a bit, so I figuring a few years.

I am still trying to figure out why FHA considers this flipping :roll:

Just figure in the costs when you make an offer.

I figure your payments on that townhome are around $2400.

As FHA buyers are a major part of my market, I have been trying to figure out a way around the seasoning issues.

My intention was something related to trying to figure out what would be the best loan depending on the time the house would be "held" or something like that, to examine that portion in detail..