It could be because so many first time home buyers are already stretching their budgets that they don't have the money to rehab a place. 

I am a newbie and am looking to invest about a 100K and I Spoke an investor/agent and he talked how I'd be able to stretch my money and buy more properties using an MIP purchase I'm just curious how it all works and where can I research this further?

He’s sent more than that but my workmen are stretched thin and it doesn’t make sense to me to keep buying more properties when I’ve already got things under rehab now.

& Birmingham, Alabama you may want to check out but full disclosure, I am not an expert in those markets by any stretch.

Shivron, it's challenging where our money doesn't stretch as far as we hoped and we all underestimate some costs, good learning for the future to keep a little buffer.   

I've had some cases where the lender has stretched to 1.20 DSCR if the location and tenant credit is stellar...however, this has typically only happened when the appraisal comes in lower than expected and the lender really likes the deal...they then lower from 1.25 DSCR to 1.20 DSCR to close the deal with us.I suggest Reverse Engineering your search.  

To stretch the title to proper English, I have an FHA qualified Buyer.

We were hoping for a quicker turn around but are in the middle of planning a wedding and moving ourselves to Denver so the timeline got stretched a bit.

The math always should be stretched out 1, 5, 10, 20 and 30 years to determine how much profit you will make after making improvements and after increasing rents as in the image below:I created a chart for a duplex and a 4-plex.

Do I stay at 400k. assuming it still cashflows (cashflows based upon when I move out) albeit less than a 500k prop, dont pay the extra in taxes, keep more money on hand because Im not paying additional taxes but also DP reserves etc will be lower or is it worth it to make the stretch to 500k leaving me with less cushion for any mistakes I make?