Violation of this provision shall be considered a material breach of this Lease Agreement, and grounds for eviction.

The contractor gave me a good price, I paid him 350 for material and 500 for labor to get started and the remaining balance of $700 would be paid on completion.2 days into the work he called me and said his brother was murdered and he could no longer finish the job.

Did this ever materialize?

I was just wondering if anyone has standard colors for walls and trim, tile choices for bathrooms, material types/styles/design colors for floors, etc. 

Does anyone know of any study materials other the books to help me pass the first time.

RE professional is not limited by the passive loss limitation on the property he/she materially participate.

The worst thing that could happen is contractors dont pick the best priced ,materials (excess expense), or they order too much material and they keep the extra material for another customer.4.

I told contractors I have been interviewing that I want to buy/pay the materials myself.

That contractor will also need to be well funded because FHA controls how the payments are made to the contractor and they will need to be able to pay for materials and payroll well before they are rembursed for most of it.

In order to be classified as a real estate professional a few things are needed, 1) You spend more than 750 hours per year as a "material" participant in a real estate business, which could include management, brokerage, construction, leasing, rental and operation2) You spend more time in real estate businesses than all other businesses(including employment), that you're involved in, combined.