Give each a key or standing rules about doing repairs and then provide your phone, email, etc.

They will give you a deed with the redemption period as a deed restriction.

You may, however, wish to consult with the Department of Housing and Urban Development to determine their rules regarding real estate sales and the arranging of FHA loans.

My personal rule of thumb is that unless I working in the yard or doing projects, I always try to dress at a level that I could "walk into church and not be embarrassed" (my gramma's old saying :lol: ) It shows as much respect FOR the person with whom you are are meeting as it does that you yourself are a serious, competent professional.

(Example: I had one tenant who called too frequently, and I started restricting calls to between 7-9pm only, and that is in the next lease...)Good Luck!

Are they subject to the bank rules or US law?

But, to get things started, a general rule of thumb that many investors use for flipping properties, which is what I'm assuming you plan to do from your post, is to only have 65% invested in the ARV of the property.

t=3626Make sure you read the rules first and get involved before you post.

Its the same formula calculations, but its just coming from different directions.You have to be careful how you factor the numbers or you will start learning about the Please Excuse My Dear Aunt Sally rules.

In Massachusetts (I get tired of its absurd rules) you sometimes need to give 6 months or more notice to certain people, living in certain buildings, under certain conditions.