Just not seeing a good use case for FHA these days other than the lower interest rate.  

So you got lower prices and lower interest rates coming.

The agreement reached was the landlord would lower $100 of the rent (current rent: $3100) in exchange for us to paint the two bedrooms.

If they are legit and you don’t have any other offers then I’d have the conversation with them but I’d want a higher than normal down payment (ideally 50% or at least more than the normal 20%), a higher than normal interest rate (at least a point above the prevailing rate so like 9-10% right now, but you can structure it as interest-only payments so their monthly payment is still lower than conventional), amortized over 30 but with a balloon in 3-5 years, something like that.

Anecdotally, I noticed many repair men seem to do a worse job overall (slower, lower quality work, coming late or even cancelling on days) when paid up front. 

Then you can do a 1031 exchange or sell it at a lower tax rate. 

To do a 100% BRRR the cap rate has to be lower then interest rate.

the lower the cash in (starting with the DP), the quicker you recover your cost. 2)  Solid, as in equity. 

I understand the rate is competitive on the assumable, but having $300k liquid, you might as well do a lower downpayment and Buy down the rate. 

Sometimes I see properties currently for rent lower than those 3 services.