As Account Closed has shown in the link, there are some regulations in place preventing you from routinely using an FHA loan to flip properties.It's my understanding that FHAs are for OWNER OCCUPANTS.

Too many Wholesalers seem to price their deals with "a sucker is born every day" mentality as opposed to trying to build a business with repeat customers.IMHO... lol

Loans trade in pools every day from distressed to prime.  

@Russell Ponce ohio wholesales will argue all day everyday that is perfectly legal to do so.

I have no doubt you'll be succesful if you keep up all of the research, diligence, and follow-through.Also, not sure what the ststus of REOs and auctions is in your area, but in addition to the MLS I would check out the following:hubzu.comauction.comhomesteps.comhomepath.comhudhomestore.comhomesearch.comrealtor.com (sometimes finds things my agents MLS doesn't)zillow.com (also sometimes finds things my realtors MLS doesn't)and of course craigslist.orgI use a program a browser plug-in called "morning coffee" to launch each of these sites results page for my target area in a new window, every day, to see if anything is new. 

It would seem that with prices what they are, your cashflow in Howard County will be tough, not leaving much room for CAPEX or routine maintenance.

Send him the bill for $500 and put in a note that every day is a separate and new violation due upon recipt .

I have seen some that are as high as 25%, but that doesn’t happen every day.

Where do you have to commute to every day for that long?

Yes, everyday can be a Saturday or whatever day you want it to be.