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.

They will rationalize it away but it keeps them and us from experiencing the richness of life and growing.

Successfully acquiring, renovating, and selling multiple distressed properties can significantly boost your returns, but it also comes with its own set of challenges.

Adding a washer/dryer to a $500,000 two-flat in Rogers Park could allow you to raise rents by $150/month, significantly boosting your ROI.8.

@Aaron Landau just about everything in life can be negotiated. 

The long-term moves are to get a concession to buy down the rate for good (not a 2-1 or 3-1 buy down), it's a smaller number (i.e. .25% or .5% decrease on the rate), and getting their full closing costs covered is money out of their pocket today they'll be saving that could be huge to give the buyer more money for repairs and/or furniture along with just life expenses. 

Talk with Cynthia Meyer at Real Life Planning. 

I've lived in Fishers/Carmel my entire life and know the market well. 

Life lesson.  

On the flip side, learning how to deal with those problems sets you up for a successful life regardless if you stick with realtor work or not.