I don't honestly feel there is a right answer to this question, I would just think that at some point in time a persons reserves could be lower per property once more properties are accumulated.

The report showed a flag since I accumulated debt on the card with the lower limit (but with points).  

They toted duffels stuffed with millions of dollars in cashier’s checks made out in various denominations so they wouldn’t have to interrupt their buying sprees with trips to the bank, according to people who participated in the auctions.Similar scenes played out in Phoenix, where the foreclosure rate hit 5% in late 2010, and in Las Vegas, where it nearly reached 10%.The big investors accumulated tens of thousands of houses around those cities and others, including Dallas, Chicago and all over Florida, then got to work sprucing them up to rent.

Do you think that you will continue to accumulate a large number of properties that you will have to systematize management for?

Doesn't take a math major to figure out how fast this system can accumulate monthly income.  

You can only have 1 FHA loan at a time, unless you have a qualifying life event and have 15% equity in the property (job transfer 200+ miles, added a dependent, ect)So if you and your girlfriend are both on the loan and lie there for a year, you can move but you would not be able to do another FHA loan because you probably won't have accumulated 10%+ equity in that time.  

Once I start having a steady income from work and I'm able to stay in one location, I'll resume investing in real estate with slightly more aggressive approach.I don't have much desire to flip houses, I'm more interested in long term buy and hold wealth accumulation.

I'm relatively new to all this as well but let me know if you have any other questions and I'll do my best to answer with the limited knowledge and perspective I've accumulated. 

The course was really much better than I expected for it to be and it brought back memories of grad school and discussions of capital accumulation.  

The other option is wait until I have more cash accumulated, but by then, this deal will be gone.