With the lower price point rentals, you basically just tread water.

I have heard positive things - expect lower overall returns in exchange for them doing the work! 

We fee like a conservative approach will let us go through the growing pains of better understanding real estate investing without the worry of being over leveraged to add to the stress while we are both still employed full time in our careers and do not plan on quitting our jobs to go fully into real estate. 

As far as ethically that is part of my nature and I don't care for the aggressive (potentially predatory) strategies discussed by others, but I see value in offering a transparent and convenient service with lower costs and faster turnarounds than traditional MLS transactions. 

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.

I do suggest putting the asset in the app ASAP to lower the audit risk.You can meet Substantially all participation tests (test no 2).

I would say generally, buying already built is cheaper on the mind, stress and time.

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

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