So, I assumed I could get the rehab done in under two months.

You can have a brand new water heater that can fail in under a year, or you could have one last 25 years at 2.5 times its life expectancy...and a water heater is fairly inexpensive.

I know the rule stating"Re-sales occuring 90 days or less following acquisition: If the re-sale date is 90 days or less following the date of acquisition by the seller, the property is not eligible for a mortgage to be insured by FHA." [24 C.F.R § 203.37a Sale of Property]I am wondering if we can put the house for sale/ negotiate a contract without executing a purchase agreement and put let the buyer move in under the terms of a 3-5 month lease and security deposit with a higher rent that would be credited toward the purchase price.

Annette,I am a commercial principal broker.I don't think you should feel guilty.I would feel guilty if you were dishonest upfront and drew them in under false pretenses and expectations.150,000 is not that low of a price point.In Atlanta there are trash properties for 10,000 where the commission is 600 bucks to 1,000 and that's if you are the broker owner and do not have to pay franchise fees and broker splits.I only do commercial and do not waste my time with those low pay properties.So you are an investor.Did you and the agent talk about how you were going to finance these properties?

Apparently, Japan had rates in under 1% for many years.

Why wont you be able to resell in under 90 days if you buy with owner financing?

I will not inundate you guys with all of the property information, but I will try to provide enough details to solicit some NO Money down scenarios.

In the case of the former, I would not put them in under any circumstances.

I made 2 offers on Bank REO properties the agent I'm working with is telling me that I have to make a higher offer because my offers are coming in under 50% and the bank is going to ignore them.

I'm ready for the one tomorrow and plan on buying whatever comes in under my target price.