I don't think those are bad things and sometimes the personal decision for your ideal life outweighs the "conventional hold forever" decision.You have options, that's the best place you can be.

I am using a conventional FHA loan to acquire the property.

if it is a BRRRR you'd pay the seller off when you refinanced into long term debt, either conventional or DSCR.i don't know anything about the location, market, etc. but if it needs a 40K rehab, you need to push the purchase price even lower than 140K, or it will not work as a BRRRR. 

We have a shortage of qualified applicants and conventional renters, which was created over Covid 19.

This kind of sale I'm alluding to would certainly be a non-conventional sale.

Keep in mind that this was for a DSCR loan, not conventional financing.  

It took 6 months of market research (you won't reinvent the wheel), 2 months to build spreadsheets (analysis paralyze), 6-7 house tours (leverage a local RE agent), and 30 days to close with a conventional loan. 

Conventional mortgage with 20% down How did you add value to the deal?

I purchased the home with a conventional mortgage and used the grant to help with downpayment and closing costs. 

you can use a DSCR loan if your DTI is too high for conventional.