Peter,Not getting into all the details, $400/month or $4,800/year is a 48% return on your $10k equity if you were to sell it.

They weren't detailed enough and only gave you a pass or fail without you being able to review the report details.I will try to remember and look up my notes for what site it was.

I'm not expecting too much detail, but certainly feel free to elaborate if you're bored.

I made an offer and I'll post more details either tonight or tomorrow once i do a walk through.

Feel free to send me a message if you need more details.

Feel free to add or correct detail as needed.Subject property has a 1st position mortgage which is in default.

I know you are supposed to owner occupy FHA properties for one year, but I am having a hard time finding details about that requirement, and the potential penalties for moving out a few months early.

Part of my traditional sales pitch is the ability to close quickly and I am able to do that with HML and not so sure I could do that with the banks.Definitely would be worthwhile to start asking around - I have been considering a line of credit to help with rehab costs, but until that gets built up it won't be enough to buy houses.

Maybe if you post some general details we can give you some insight into what we see and you can use that for your purpose.

I can give you more detail/info about that area.Sorry you can't make the Big Daddies Meetup this week.