FHA might work, just get out the spreadsheet/calculator to figure out if the extra PMI is worth it, or even feasible. 

You are also short on your expense calculations. 

then calculate 203 months of holding costs and the lower offe you’ll have to accept if you have gotten no backup offers. 

You will quickly learn about footings, water service replacement, electrical load calculations, and a bunch of things you don't know about. 

On many of our web sites there will also be calculators to help you determine what your tax liability would be.There are a number of folks like us right here on BP who are qualified intermediaries. 

Hi all,I’m just getting my feet wet with Real Estate investing and currently taking online courses on the investment process, principles of calculating returns, performing market analysis, analyzing cash flows and the different types of investment opportunities.

View report*This link comes directly from our calculators, based on information input by the member who posted.

You will want to use some of the free calculators to help you with expenses, NOI, and cash flow.

Make sure you take advantage of the various tools & calculators that BP offers.

Cap Rate:To assess the overall profitability of the property, calculate the cap rate.