Check out this article by Tom Brassfield regarding reduced restrictions on FHA borrowers.

This news is particularly helpful for investors (looking to flip a property) who previously had to buy and hold a place for 90 days until a buyer could purchase the property using an FHA loan.

This makes flipping a property slightly more appealing, even in this market, as this change in FHA policy has expanded the pool of potential buyers.

http://kcinvestmentproperty.wordpress.com/2011/01/19/fha-allows-flipping-with-restrictions/