I have to say that after communicating with Joe Donnelly and meeting with Jackie Walorski's congressional candidate's campaign manager, it's clear that the country's best talent is not running for office.

Are there restrictions on what type of retail can go in there??

I now see that you want to put your personal residence in an LLC so you personally do not exceed the 10% ownership threshhold, and you want to use the 203k loan to acquire and renovate a unit that you will put in to service as a rental.Everything I have ever read about the HUD 203k loan program tells me that it is restricted to owner occupant homeowners.

The only restriction will be when the seller of the REO puts a deed restriction on the property that restricts your ability to do this.

The title company's philosophy is that title companies insure the past, not the future, and they don't believe that the lenders have the authority to put on such a restriction.

We recently learned of Wells Fargo restricting investors from purchasing short sales.

I thought I would share our new marketing campaign each week.

A sale may trigger collection of these fees.Transfer fees can make it much less profitable for a flip.Also, with Franchises, your less likley going to be able to flip short-term as there are usually restrictions to deal with.Good Luck!

Which has no deed restrictions if your paying cash.

FNMA has a deed restriction that keeps me from using the property as colateral for all of the funding I need.