Never ever ever ever again. ever.When they want something from you, they demand immediate action (Ex: Calling at 10pm to tell me my tenants had put a small yard gnome in the flower bed outside their door, demanding its immediate removal.)But when i requested that the dry rotted outer door jambs be replaced (per by-laws stating they are responsible for "from the studs, out") It took nearly 6 months of emails, phone calls, threatening legal action, and finally petitioning to have the president of the HOA removed.

Learn , read, and then take action and pull the trigger. 

The State of Wisconsin is out for blood, over what they consider "a deceptive business model".People already engage in these models in other states should be aware that other A.G.s in other states have been made aware of Wisconsin's actions.

@Jack HensyEducation, drive and action! 

@Rick Harmon thanks for a clear outline of action!

Listen to the podcast and other resources, find the niche that calls your name, get educated on it, and last but not least TAKE ACTION.

If you do deny them, be sure to send an Adverse Action Notice to remain compliant with the FCRA.

It would encourage me to hear positive responses from the community on the best course of action in this situation. 

@Sean Bramble    FHA is much less sensitive to lower credit scores then conventional loans.

As I am still far from the action, I really don't know neighborhoods yet.