What would your exit plan be for FHA approach?

[Sean Welch]

1. hello BP. I am fairly new to this site and this is my 2nd post. I am doing all the learning I can do, and am learning every day. I basically have a general question in need of advice. I plan to get into real estate with the FHA loan approach and purchasing a 2 unit home. Let's say hypothetically speaking I'm interested in a home that costs $20,000 and could use $25000 worth of repairs. And has an ARV of $85,000. So in this case I assume I ask for a loan of $45,000? Or do i ask for maybe $50,000 to consider closing costs expenses? Also, what would your exit plan be on such an approach? How do you plan to pay off the debt loan? Thanks in advance