There is no problem renting out your property that has an FHA loan. However... not everyone likes to be a landlord! My suggestion would be to higher a brokerage company that will rent the property for you and protect your interest. They will take care of all the issues should something happen, including any collection issues that may arise at a later date. Hope this helps.
For 2010 the limit for Arapahoe County for 100% VA is $417,000. So there are no jumbo VA loans at 100% for Arapahoe (jumbo VA being over $417k.). The VA just made some changes very recently to their loan limits for 100% financing, lowering the amounts.
The counties in Colorado that go over $417k for VA in 2010 are:
...all the counties in the state are $417,000 max 100% VA.
If you go over the VA limit, the VA borrower only has to put down 25% of the difference between the purchase price and the limit. So in you case if buying for $530,000, the buyer would have to put down ($530,000-$417,000)=$113,000*.25 =$28,250. So $28,350 down.... more