203 (k) in a sellers market

[Kevin O'Brien]

The markets I am looking to invest in are both sellers markets. (Atlanta or Denver) I plan to own/occupy a multi family property. 2 questions: 1. In a hot sellers market will I be wasting my time trying to find a seller that will work with the long closing time of a 203(k)? 2. If I have cash upfront, could it still be wiser to leverage the value of an FHA loan to get more equity from the cash flow? Or will PMI kill any dreams of extra equity. Most of my knowledge of 203(k) comes from the following post: 203(k) help! on the BiggerPockets forums http://www.biggerpockets.com/forums/50/topics/251144-203-k-help