But he lived in his 4-plex for only 1 year (another year to go per FHA rules), and he does not want to be breaking any rules, and he thinks that it will NOT look good if I finalize the purchase of a house under my name AFTER we get married, he's afraid there may be some penalties from FHA administration, since he failed to stay at his 4-plex for 2 years.

Is this the Public Administrator Auction from this other BP post?

Not cracks in the wall but the drug that contaminates the sheet rock and interior to an environmental cleanup or rehab being required.

He didn't like the way I operate and drug up after one day.My experiences are about the same as yours trying to recrute at Home Depot in the mornings.Don

I bough drug houses I mean I watched them dealing right out the doors here the way I looked at it its near a lake and a golf course.

Am I liable for criminal acts committed on my vacant property (dog fighting, prostitution, drug deals, parties where someone's injured, etc.?)

You'll learn more about the business in a month than you could learn in 10 years from watching all administrative-like.Is this extreme?

If so you might have drug problems in the area..

The trailing income statement will show you the ACTUAL income, loss to lease, concessions, uncollectable bad debt, non-revenue units, cost of insurance, repairs (which might still show lower than reality if they aren't fixing stuff), contract services (landscape maintenance, trash etc), payroll (which your analysis completely omitted but you will need to pay on site management and maintenance staff in addition to the management fee), advertising, administrative (office supplies, tax returns, banking fees, corp tax, etc), and utilities (which you need to use actual plus a little because your rates will go up).

Scant Response The Hope for Homeowners program, run by the Federal Housing Administration, has signed up few lenders since it started in October because banks must write off a large portion of the loan and pay high fees.