So, you would need to count on a very long holding period.That would require a jumbo loan.

Nevertheless, these will often get counted in listings.

My mother and step father think they can just co-sign but i dont think it matters because the bank doesnt count unemployment as income half the time.They want me on the title ( we paid cash since we used the HELOC so we have the deed, just need to rebuy the house i guess from ourselves.) so i can benifit from the tax stuff which is fine but i think they are going to have to have a loan and just attach me to it right?

Since most of the people on Craigslist are looking for those bargains, then we push the low price, run with image/link ads, and track our hit count.

For example, when they are forced to evict someone, they consider that a one-time event; pay it out of pocket; and don't count that toward their expenses (that wouldn't make them feel good).

That would be counted as one of your up to 10 properties.Hope this helps.

In this situation, though, isn't putting down the full purchase price double counting the $34,500?

The eligibility of a property for a mortgage insured by FHA IS DEPENDENT ON THE TIME THAT HAS ELAPSED BETWEEN THE DATE THE SELLER AQUIRED THE PROPERTY (BASED UPON THE DATE OF SETTLMENT) AND THE DATE OF EXCECUTION OF THE SALES CONTRAT THAT WILL RESULT IN THE FHA MORTGAGE INSURANCE (THE RESALE DATE.)I've heard some people will say that the seasoning can occure once you've recorded an option but don't count on it.

Count me in too!

well you will need to get paid by the buyer the 3K outside of close cuz if the seller sees someone wants to buy it for 13K they may just want to keep it.You can always do a double close - that is the best way to do that - you buy it first and flip.All cash buyer you might make it work to go on the HUD but it should be a full price offer to the seller - so if it is listed for 10K and you want to pocket 3K - if your making more then the realtor that may not be a good thing - and if the buyer offers you 11K and the seller had to take 8K instead of 10K they might all baulk.To many people like to count other people's money - so you might have a hard time with this unless you do a double