Alright, I need some expert input from those of you who work with Fannie and Freddie underwriting guidelines for a living.What are the rules for originating a loan on a property that has a code compliance lien on it?  

This is not a bank overlay or lender specific requirement - this is an FHA guideline. 

That is a bit of a gamble, but hey it's what folks are doing. 

Usually an exterior BPO is sufficient, depends on the Servicer/lender guidelines.

IRS guidelines for a Real Estate Professional

So this is a critical piece of information for anyone considering buying flood damaged properties.Any buyer needs to know the FEMA guidelines as well as the local ordinances that may add to FEMA requirements.

As long as you are along the guidelines of all the different types of letters floating around you will be in good shape. 

The catch is these deals do not fit with in FHA guidelines.

I learned a lot about money from a gambling binge I had in 2013.

If i own a property through a SDIRA and a non recourse loan, and say after a couple years i want to sell it, what are some of the restrictions guidelines for this?