I believe FHA loans after a certain date in 2012 or 2013 have no MIP removal mechanism, it stays for the life of the loan, so you'd need to read your loan docs.   

If there is anything that is deferred maintenance - older mechanicals, roof, kitchen & baths not updated, then I'd take a second look if I were you.  

I am a mechanic or engineer- my background is in the construction fields, I owned my owe business for 12 years and lost it all in the last market crash and said I would never do what I did before- now I am at a hospital working in engineering- I do have a rehab but my stamina is a little less than what it was 14 years ago- I'm thankful for my day job but I know its not where I want to be so I feel the pain- the biggest thing you got to do is find the right deal- something your day job can afford ie.. rehab, foreclosure a deal that makes sense- bite the bullet and buy it- you will have to get dirty, do the work your self and don't fall in love with the property, find the best market move for it and get rid of it or keep it as a rental, do it againkeep crunching numbers and looking at properties one will be there for you there everywhereGood Luck!

I am currently studying Mechanical Engineering at CU looking to graduate in May of 2019.  

She, and many of her supporters, misunderstand the mechanics of the residential real estate market.

Do they accept that you will be holding 10% of all payments until final completion and all mechanics liens have been issued.

New high efficiency mechanicals.

None of the Mechanical permits has had a final inspection however he did start the process of obtaining the Permit and now needs the Fire and Housing inspections to be completed.

One concern though, if the framing or rough mechanical isn't correct the finish person (you) will inherit problems.

I am a college student at Auburn University in Mechanical Engineering and love learning real estate on the side.