You'll then be obligated to keep receipts to prove whether that sale led to a profit or not and potentially pay taxes on the proceeds.

Being an agent can be tough especially getting started, just lead with value and always be communicating to new people about real estate.Hope you enjoy your stay, BP is a great place to be. 

and subs should have no problem proving they have insurance and will add you to their policy this is standard Operating procedures. 

Breno,Lots of carriers write in TX but I think all at least have a 1% wind/hail deductible which is tough. 

If they prove they paid a SD by canceled check etc  you  would still have to credit them for it even if you did not receive it at closing. 

So that $100K could be spent really quickly and then you're in a tough situation.

They say "necessity is the mother in invention" ....... but your timeframe for invention is tough so let's be honest. 1.There are no good choices made under duress. 2.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $160,000

Cash invested: $120,000

This property is currently valued at more then double what we paid for it. ...

You need at least 20% equity to get out of the FHA loan so its tough to build up the equity from 3.5% to 20% in one year even with forced appreciation.

@Daniel Soyars The honest answer is it's really tough to work your way in front of people they have done business with for a while.