The good news for investors is that you no longer have to wait the 90 day period before you turn a home. The department of housing waived the 90 day no flip rule on foreclosures. This means that buyers using the FHA financing now can benefit from an investor who goes in and makes the house beautiful…and turn it quickly. FHA appraisals have not been easy with all the new requirements from appraisers/lenders. The investor is interested in turning the house quickly making some profit and the buyer is looking for something that shows new, it’s a win win situation.