How the laws pan out over time creates all kinds of weird distortions, much higher rents for the remaining units available (and higher fair market rent increases over time), portion of slummy buildings over time, less availability for new people coming into town and locals' household formation, etc..

I still can't bring myself to commute further than my living room and my office remains vacant, no electric on and not furnished...

@Angela Fisher, do mean $300k out of pocket for the down payment, closing/holding costs, and repairs, while financing the remaining balance of the purchase price? 

That right has always remained with the actual owner/holder. 

There is no issue with funding more than a sale price, the balance remaining is cash to the buyer.

I would be able to pay off my seller $1.4M and be left with remaining net proceeds of about $400,000 for the next deal.

I'm assuming that the assessor / engineer would be able to calculate the remaining useful life on major components?

Does that mean even after the 120 day IRS redemptive period, IRS liens remain with the property and must be settled at sale?

And in addition, they would smile knowing they helped the remaining generations for years to come they wouldn't know or see.  

If the borrower is vacating a residence that will remain occupied by a co-borrower, the borrower is permitted to obtain another FHA insured mortgage.