FHA administers a number of programs, based on Section 203(b), that have special features.

I had one agent who specializes in the sale of apartment buildings tell me it took him 7 hours to get through one single course - When, Where and How to Buy - because there was so much information in it.

I am an agent in Pittsburgh that specializes in New Construction.

I have me a nice 12 x 40 billboard.I am trying to get some ideas as to what to say.I buy all kinds of homes but I specialize in New Homes in nice neighborhoods and I have no problem with little or no equity.I know I want to sign to mention little or no equity, in some form or fassion.Give me your ideas please.

What is so special about being one?

The only thing I can suggest is to go and have a sit down with a couple of different management companies that specialize in managing vacation rentals and gather some information from them.There are a lot of vacation rentals in my area, but oddly, even though I know a lot of people active in several different areas of real estate, I don't know anyone who has vacation rentals (except for one friend with a B&B, and that's not really the same thing).The only thing I know about vacation rentals is that they are extemely management intensive and the management companies charge a substantial fee.You have turn over every week, and someone has to be there to clean, repair, asses damage, and inventory all the household items.

I really didn't take his flame as picking a fight, just as an example of venting after having jumped into something he was not prepared for, where failure comes at quite a price.Shoulda-coulda-woulda come here first, had he known better!

I can honestly tell you that the myth the gurus are spreading around that you can purchase REO properties at 50-75% of after repairs value is just as much a myth and as rare as hitting the lottery in California specially.

So, be careful about putting down more EM than necessary, and be prepared to play by the bank's rules, even when it's not particularly fair.

If you aren’t prepared, your best bet may be to file for an extension.