Should I just completely ignore the FHA loan and try to get approval with a smaller down payment?

Would the federal tax liability be $140k at year 5 for the sale, with long term capital gains (ignoring any Net Investment Income Tax)?

Friends with rentals have generally indicated that the cosigner is either nowhere to be found or ignores all communication when needed.

I tell my clients all the time that the quality of your property will directly determine the quality of your tenants.This is a very important rental property investing fundamental most new investors always forget or ignore simply because they are just too desperate for  "Cash-Flow".

Let's ignore the package of or individual SFHs for the moment though, since that is a little more complicated and seems to have been a distraction.

i just ignore them.

I can always sell if I change my mind, and hopefully make a few bucks, worst case break even, since I am buying at discounts.With BRRRRR, an often ignored benefit is the security (if done well) of being all in 75-85% of ARV.

Thanks again, @Tyler KeslingI love your enthusiasm, but you need to be careful about being so enthusiastic that you ignore the basics.  

They thought since they were a church they did not owe any tax and just ignored..

I'm not even a fish here, let alone a big one so feel free to ignore this.