In all circumstances that qualify, the application for the new FHA loan is processed on a case-by-case basis, so a borrower will need to work with his or her participating FHA lender to see what is possible.

While we do have cash saved up, we'd prefer to work on our credit for another year before looking at getting a mortgage or commercial loan to possibly do a fix and flip.If you were us, would you a) use our cash to purchase, fix and flip something older and cheaper outright which seems like a huge undertaking for our first deal, b) use our cash as the downpayment/skin-in for a hard money loan (balloon) while we work on conventional qualifications to refi at a lower rate in 12 months, c) My in-laws are in the process of purchasing a seller-financed home and are interested in "renting-to-own" their place to us.

You just don’t get the day to day training and real life questions you face throughout the process.

If your lawyer has not spoken to you in regards to this matter there is something wrong with the process.

My father is down sizing and is in the process of buying a new home as his place of residence. 

Are you confident that they have processes in place to prevent future mistakes?

Because the way a good turnkey company makes money isn't by tacking on a premium, it's by capitalizing on economies of scale in the rehab process, having the networks to get distressed properties at great prices, and having their own wholesaling operations that scour the market for those opportunities to cut down on commission costs.

However; building land that can be picked up for a price to realistically build, then get through the planning process was a tough one. 

How can i obtain the warranty deed to the property or what’s the process??

I just don't know the process of wholesaling and therefore whether it's something that I can manage while out of the country.