Increase in Family Size - A borrower may be eligible for another house with an FHA-insured mortgage if the borrower provides satisfactory evidence thatThe has had in increase in legal dependents and the property now fails to meet the family’s needs; andThe loan-to-value (LTV) ratio on the current principal residence is equal to or less than 75% or is paid down to that amount, determined by comparing the outstanding mortgage balance to a current residential appraisal.Vacating a jointly-owned Property - A borrower may be eligible for another FHA-insured mortgage if the borrower is vacating (with no intent to return such as divorce, legal separation, etc...) the principal residence which will remain occupied by the existing co-borrower.

My approach is to learn about selling houses by getting out in the field, understanding & assisting buyers in the different ways that they can purchase & acquire property, being knowledgable about assessments, the legality part of real estate & property ownership, and, of course, commissions.

Legally speaking...can I deed my house to an LLC I create, thereby treating the house as a business and not a personal residence?

(Before you ask, I cannot give legal advice or barter my services, I'm working for the man and could get into some deep water, but I will try to give information and referrals if I can help.)I still have yet to do my first deal.  

Yes it's in their TOS that they can cancel my merchant services account at any time for any reason, but because they can legally, doesn't mean it's not a bad business practice.

Is sub2 legal in North Carolina?

What am i suppose to do, or is there a better legal agreement?  

I am not offering legal advice this is strictly my opinion. 

Changing ownership "mid-stream" is usually problematic for the current lender.As always, consult your Legal professional for advice. 

The $4000 was to go right in the bank, in a separate account, as legally required.