As a broker here are the top 5 things I hate about some lenders I work with: 1.

Yes, there are exceptions for significant life events (job change), but each individual must meet the FHA loan qualifications on their own, and the second loan must be for a valid reason, like a job relocation or other extenuating circumstances.

For California that sounds quite reasonable, we are at that and more in Boulder, CO.

I'm genuinely curious; are you saying the act of doing sub2 is criminal or the people who do sub2 are criminals and con artists.

I have several hands on tasks that would require more than a virtual. 

I currently have around 20k cash for a down payment and that is steadily increasing so I want to pull the trigger soon.I'm interested in Fort Wayne for a few reasons:- I have some family in the area (they won't be involved, but have some general knowledge of the area)- Decent schools- Low crime- Airport- Low pricesAny advice or connections are welcome as I am completely new to this.

That is how it was given and that is how I want it. 

I'm interested in finding deals within a 50 mile radius of WPB where I vacation every year and wondering who I can connect with on the side prior to my visit to see if my goals are realistic in the area. 

You are correct that if you have silent partners (LPs), you would need to set up a syndication.  

I'm considering making an offer on a property that is listed as a 2 bedroom 1.5 bath as a long term buy and hold property to add to my portfolio.