Everything they had build, in terms of their REI Portfolio, Bank Account Balances, their Personal Residence, etc. was lost, or they filed bankruptcy.

@Carmen Falcone the point of the FHA loan is to help people who would otherwise not qualify for a loan be able to purchase a primary residence.

Also, qualifying for loans will be a challenge as other BP members have stated on here.

I have called my local bank that I've been doing business with for years and they informed me, they can not finance Single Family Residences owned by corporations. 

I currently own a 2 family that i reside in.

@Bridget McDonald  yes there are a lot of 55+ Communities in Clearwater and a good majority of the residents are snow birds.

I have 60 duplex buildings, a total of 120 units I would be interested in working out a transactions - Do you believe you could qualify?

Occupancy, Preservation, Maintenance and Protection of the Property:Borrower shall occupy, establish, and use the Property as Borrower's principal residence within sixty days after the execution of this Security Instrument (or within sixty days of a later sale or transfer of the Property) and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender determines that requirement will cause undue hardship for Borrower, or unless extenuating circumstances exist which are beyond Borrower's control.

Account ClosedWe should connect, I have been networking with other newbies here in the East Valley to start a group where we can share information and network on some deals.I have been doing a lot of reading and listening to the podcasts here on bigger-pockets.I was at a point of analysis paralysis and so decided to start driving for bucks.I have managed to find my farm area and have generated a  list of potential deals.I have spent the last couple of nights qualifying my list by looking at county records etc.

The land bank is looking for qualified purchasors with a successful track record of remodeling homes.