The grouping election may benefit you.

Time in market is the biggest benefit on your side, so the sooner you buy, the longer you'll have that property (and also, the sooner you can buy #2). 

All told, they estimate the project would create 2,600 construction jobs over the five-year period and 2,500 direct and 6,900 indirect jobs for Coos, Douglas and Lane Counties once the facility is constructed.

By owning a duplex, you have the opportunity to benefit from potential property value appreciation, further boosting your investment.

The downside of this strategy is that the borrower has some leverage to negotiate terms that benefit them in exchange for the Deed in Lieu.Plan executedGiven that we had ruled out the first two options, it became clear that we were going to end up taking these properties back along with inheriting any accrued liability.

@Benjamin Sulka yes, I would agree that it would create more demand once the word got out and buyer's realized the benefit. 

One benefit to FHA though, is the large seller concession limit. 

I continue to do that today.The benefit of this strategy is that any extra money you have goes to pay down your HELOC so you never have your money in a savings account (this is especially good when interest rates are low unlike today).I'd be happy to discuss this in more detail. 

I don’t know how partnerships work but I understand how wanting a construction worker as your partner can benefit you. 

Congrats on your graduation  Rolando.In my opinion you should go for a conventional FHA  than a 203k loans  because 203k has extra fees  of your 3.5%  they work kind of like hard money lenders the only think is that the rate is lower than a hard money lender but higher than a conventional FHA  I just bought my first house here in Oakland California using 203k loan which works for me because I had  to renovate the entire house $125k of renovation with a rate of 7.6 and is been 8 months and I am ready to refinance to Lower my payments and the rate .In my opinion is worth it 203k loan if your repairs are over 100k  for all the benefits that you get with the city and sewer company.