I am purchasing my first property with Fannie Mae and after we had negotiated the price they stuck the anti-flip clause in the addendum.

Henry,It is always the best the buyer to do due diligence on the one that is assigning a contract to make sure they are not trying to scam you.Joe Gore

Since moving in with me, she has gotten another job and is paying her share of the bills without issue.I don't want anyone to assume that I'm trying to scam her in any way.

Hopefully the long line of mortgage fraud conspirators who contributed to the real estate meltdown will all see their day in court and set examples for others.Source: MPAMag.com: http://www.mpamag.com/mortgage-originator/six-charged-in-5-5-million-scam-18815.aspxPosted by Corey Curwick Dutton 

But it certainly is NOT a scam in the sense that the material is 'wrong' or 'fake', but I would definitely question some of the statements they make in their marketing efforts.Fortune Builders' material is geared towards making a business out of flipping a home.

If that's truly the case (and you could be confident it wasn't a scam), then it's definitely something I'd do.On the other hand, if I lost my $5K (or whatever the option money was) if i didn't purchase, then there is a down-side risk. 

I would number the flyers so that they don't scam you.If it is a rural area with a large migrant population during the summer you may consider reaching out to those people to fill vacancies as well.

Thanks Nick and ANTI, I didn't really consider an S-corp but now I will!

FHA just lifted their 90 anti flipping rule, at least here in CO.

no, they aren't using a personal guarantee because they are scams. good luck!