Effective February 1, 2010, investors no longer need to hold the property for ninety days in order to sell to an FHA buyer. However, the investor cannot sell for more than 20% of his/her acquisition price. For example, he/she purchased the property for $100,000; the investor cannot sell for more than $120,000 unless he/she can justify it. The way the investor would have to justify it is by a second appraisal through the buyer's lender and also a home inspection report.
The investor most likely made repairs to the home when he/she bought it and they must prove its value in today's market, which is not an easy task.
We will always keep you posted.
Have a great day and enjoy!