I'm not totally clear on the concept you outlined, so perhaps I'm going off on a different direction, but perhaps she is tossing away deals that show a possibility of going over budget or selling for less than ARV for fear that she won't get paid.

I think it outlines why IKEA would do so well in that area.  

In the post from @Ted Lanzaro, he outlined that spec single family residential (SFR) are not in high demand in his area.

I've outlined the main reasons in a blog post you can read here, why I think apartments are a better investment than SFR.

I think you could easily set this up with single use LLC's and an operating agreement that would outline all of the details.  

They will help you understand your options and your rights as outlined in your policy, and to help you be sure that they're being acknowledge by your insurance company.  

Annual Mortgage Insurance Premium (MIP) Applies to all Mortgages except:  Streamline Refinance and Simple Refinance Mortgages used to refinance a previous FHA endorsed Mortgage on or before May 31, 2009  Hawaiian Home Lands (Section 247)" Take that in conjunction with the fact that on the first page of the Handbook, Section I-A says this "The requirements outlined below in subsections 1 through 9 apply to both Single Family (one-to four-units) and Multifamily Mortgagees." which means that the FHA considers 1-4 Unit multifamily buildings to be under the Single Family umbrella.

In addition to listing high yield markets, the research report outlines low vacancy markets, total return markets, affordable markets (% of rents relative to income), and other key measures affecting prices and rent growth, including unemployment, job growth, unit absorption, and population growth. 

I don't know anything about this.I'd seen it, I chose not to respond to it because I felt it wasn't relevant to the thread, as you're asking me to outline how you should invest your money over a variety of asset classes.  

Setting the expectations and outlining the potential process to follow should help.