Are you confident that the firm will structure the offering properly to be both legally compliant and marketable?

This is pre-foreclosure, they are just doing it to cover themselves legally on any possessions left inside.

IF this is the case, are there guidelines as to how long it would need to be held first, before you took it as a distribution?

The quickest way to get out of this jam is hire an experienced property manager which normally cost 7-10% of your monthly rent and let them handle the legal garbage.

If this is a Section 8 tenant who wants to do a contract for deed (yes, there is a program according to this Federal Reserve Bank of Minneapolis article) make sure you know the guidelines of the program.

Dobbs said, they have more important things to do than accelerate a loan, with a huge public inventory and an even larger shadow inventory of homes.As a few of you said though, one should no rely on their ignorance as legal grounds to not protect oneself or the seller in case they choose to accelerate the loan.

HAS ANYONE DONE A MASTER LEASE OR LEASE OPTION TO CONTROL A PROPERTY THEN RENT OUT TO SECTION 8 TENANTS GIVEN THE GUIDELINES FOR THE SECTION 8 PROGRAM?

Just stick by your guidelines and you will find someone.

Find a good broker who is knowledgeable about the FHA guidelines and works with a lot of different banks; often, it's the regional and more local banks who are willing to do the under-90 day flip financing.In terms of larger banks, some Wells Fargo loan originators can get this done and some Flagstar underwriters will do it as well.

In the realm of tax savings strategies and methodologies that are approved by the IRS, why would anyone who owes AND pays income taxes NOT do whatever they can to LEGALLY mitigate them?