To start, set investment goals, analyze properties, focus on emerging neighborhoods and budget wisely.

All this fancy mumbo fha guideline gumbo means is that your projected market rents assuming all units, if it were rented Times 75% need to be greater than what your monthly payment is  (PITIA = principal/interest/taxes/insurance/assessments monthly), other wise FHA will not lend at that loan amount so common solutions to this when rents are too low in your local market are to put more money down payment which defeats the whole purpose of low 3.5% down FHA doesnt it?

That easy question to answer will be a really great litmus test in your due diligence toolbox.If you are evaluating a REIT, it would be wise and prudent to do your homework and select the appropriate professional to guide you.

Quote from @Bruce Woodruff: Quote from @James Wise:  There are two kinds of people here on the forums.

It would be wise of your husband to release the home to you to relieve himself of the debt.You could then refinance the home into your name down the road and take out a HELOC as soon as you can show income.

You do your best to purchase wisely, execute a pre-meditated and well researched strategy, and let the compounding effect of time take over. 10 years from now, the purchase price being 5% above or below current market value won't matter.

Wise man once said.

Do you research wisely when deciding to work with anyone that you don’t know. 

I am not as familiar with your area land wise although I suspect there are developments of lots there that do go.. title insurance is the other issue..

Wise advise @James Wise.