You're confusing getting an OO loan with bidding on these properties during the OO period.

The coordinator was confused.

I think you're confusing things.

Some days you feel a little bummed out but because you love this so much you continue to push.As a new investor one of the most difficult things I run into is feeling confused at times.

Just had an opportunity to have some face time with my local congressman, John Campbell, so I asked him about this.His take was that there was so much in-fighting and confusion with regard to the GSEs that if this was going to be implemented, it wouldn't be for some time, if at all.

Thanks Dick, this clears up some of my confusion.

I know real estate is all about local, but am still confused as to why Atlanta experiences such a drastic housing price drop (18% drop in a year).

I KNOW we did not get a premium price for this house.Antonio Bodley you're confusing the tax assessor with the recorder.

Bill -You're confusing the FNMA resale restriction with the FHA resale restriction -- they are two very different restrictions.The FNMA restriction is still in force, and restricts someone who purchases a FNMA foreclosure from reselling (or otherwise encumbering) the property for 90 days after purchase for more than 120% of the purchase price.The FHA restriction (which has been waived since 2010) restricts FHA buyers (the people you might want to sell your rehabbed property to) from getting a loan on an FHA property until the seller (you in this case) has owned the property for at least 90 days.

After Ifinished typing my post above the other night, I found myself logically going toward option 2 more, since it seemed cleanest, and it allowed for a complete separation of the assets consumed by each tenant, in order to track the depreciation independently of one another.At this point, I know I can make the final depreciation amountscome out the way I want them to, however what I was confused about is, what is the most acceptable practice in the industry for achieving that?