I'm in Detroit now for inspections on one and to generate the scope of repairs on the other.

If that is the case it would require a 1031 which is just another layer to the process but ultimately not really that complicated.Without knowing how much repair work would be needed it's difficult to give specific advice.

Just as I was scrambling to figure that out, one of my tenants also moved out, leaving me with thousands in repairs and a vacant unit at the worst possible time.I had zero reserves left because I had just paid back the money I borrowed to close.

The management company has replied that they don't coordinate with neighbors and just want me to cover the cost of all the repairs. 

FHA loans are really only best in lower credit and lower down payment situation. if you have the ability to do 5-10% I would do it. if you don't need money for repairs , you could do on the higher end 10%+ but if you do need money for repairs 5% could be good. some lenders will do recasts on loans and you cannot do recasts with FHA.

A two month vacancy costs you a minimum of $6,400 plus repairs, paint and eviction costs and 26 months later, if no other problems, you have broken even10.

They seem to be electronic brokers that will shop for insurance in a pool of carriers.

Beware...I also have found some of Foundation Property Management's repair costs to be unreasonably high.

Forget trying to walk them through a simple repair over the phone, to avoid sending a ServiceTech and saving an owner money.

Or... the other nice thing about these accounts is that you could also shop CD rates.