I came to know that if I transfer the title to my LLC now it will cause FHA buyers to be not able to purchase my property for at least 90 days.I have couple of questions:1)When that 90 day FHA rule starts?

@ Chris K - yes - me either - I have actually had to kick people out of my yard - and it wasn't even vacant - I caught a delivery guy taking a piss in my garbage area and kicked him out made a guy trash digger leave my house cause he was leaving garbage all over and getting beligerant and telling he did this every single day and it was his job and that he knew everything we ate , drink , and threw away - when he would not stop  - I physically closed the lid on his arm and removed him from the areamade some guy drop  a package he was trying to take away from my multiplex when he could not identify himself or why he was taking it .. saying that it was his " cousins"  - made him drop the box.. he said  " i was gonna feel stupid when i found out i was wrong later... "  that never happened - it was my tenants packageI could actually go on and on .... in retrospect ..

Run the credit check, look at the credit report to see what exactly is causing the bad credit first.

I am a Criminal Defense Attorney by trade to I try plan out as much as I can because I hate to be cause off guard.

What if the tenant does damage to it and now it has to be changed again?  

I need advice on what to do about reporting a home that is for sale in Sammamish that had an inspection report that concluded there was property damage due to improper construction.

Oil towns cause crazy swings.

You need to see what situation has caused their financial distress, and depending on how fast your state moves for foreclose, you may or may not have a lot of time. 

I am going to list the high points below:List price $35,000.00Negotiate down to $29,750.00 (15% reduction)Down payment of 15% = $4,462.50My principal = $25,287.50Interest Rate = 5%Term on loan = 15 yrsNote = $199.97Sale price to lease option holder = $44,625.00 (1.5 x my purchase price)Down payment paid by buyer = $4,462.50 (10% of purchase price)Buyer principal = $40,162.50Interest charged to buyer = 8%Buyer term on loan = 15 yrsTaxes = $50.00 (added directly to buyers monthly payment)Insurance = $50.00 (added directly to buyers monthly payment)Buyers monthly payment = $483.81 (Note + Taxes + Insurance)Buyer covers all maintenance and repairsMy monthly profit $183.84The beauty of this plan to me is that the amount I put down in a down payment is the same amount that the buyer pays me in a down payment which causes me to have ZERO money on the table when they start making monthly payments.  

He's recently divorced unfortunately which caused the landlord to lower the rent to help him out when things were split.  50/50 in WI.