Here is the rundown:http://www.homebuyinginstitute.com/news/hud-issues-fha-flipping-rules-626/

Lot of my fund issues would be resolved if I were allowed to do cash out refinance!

Ishaan Misra , I have considered buying "out of my back yard," but my issue is that I really like being involved with my investments and being able to touch see and feel them etc.

The issues I have come across are:1) Finding a MFH in an area I can live (close to mine and gf's work) in order to qualify for an FHA loan has been pretty rough.

If you're having money issues, you might want to consider flipping a  few houses, before you  purchase another buy and hold.

And if you screen them yourself, do not neglect the important step of conducting a thorough rental history - not only evictions but look for a history of late pays and screen for three day notices issued by previous landlords. 

Small collections can be ok especially medical or student debt.If someone has had a major credit issue like bankruptcy or foreclosure just make sure there is a plausible story.

I know that every situation is different regarding who the borrower is and the foreclosure regulations regarding the location, but I was wondering how often it happens and how the process usually pans out when purchasing a non performing note (whether a failed loan modification or initial purpose for foreclosure) and issuing a foreclosure.

I informed the mortgage company in advance, and they didn't seem to have an issue with it.

house built in 1984. Pretty decent overall metrics on my offer of about $139k which would rent for about $1,400However, after inspection, it probably needs $3,000 of capex and with a foundation inspection it needs at ...