Chance,My advice to you is unless you are extremely strapped for cash and cannot come up with the extra 1.5% down payment, to never go with an FHA loan.

Two car garage, 3 baths, nice deck, laundry in unit, and close to stores, laundry mats, fast food and dine in restaurants and only half-mile from interstate.

@Mat O'Grady thank you will do 

Most developers/contractors are cash strapped.

Storage sheds that are stick-built or assembled from kits here must conform to the Zoning setbacks and height restrictions, and some jurisdictions require sheds more than 10'x10'x10' to conform to wind loads (hurricane straps, etc). 

Parging over it would have required a LOT of mud so was not cost effective.We decided to put up 1x3 strapping & cover the walls & ceilings with new drywall.

Hi Jack,Which deal pencils out to more for you, and less risk.For instance if you have a partner with deeper pockets, and something goes wrong for a few months, and you are cash strapped at the moment, the partner may be able to cover the problems (not all seemingly cash flush partners will be cash flush when you need them though).Will a partner add anything to the deal for you.

Uncle needs cash and dad isn’t so cash strapped.

I advocate for carrying a weapon and shooting bad people (when justified) but live in such a safe environment that it's not worth bothering to strap on.

Being able to do your own comps is good thingOther associatied skills home inspection, radon, mold inspector, haz mat remediation (eg mold), etcAs I hope you can see, some of these topics/skills are necessary for running your investment and the others are for doing your investment.