As far as rent collection is concerned Im still collecting rent the old fashioned way via a check or money order from the tenant and its immediately deposited into an account via mobile deposit technology.  

Finally convinced by more than one friend (and slowly starting to get past my existential fear of debt), I am starting out in the world of real estate investing and excited to learn as much as possible from BP's resources/forums.I am a project manager for the library here in Columbus (after working in the fashion industry for over a decade in NYC) and looking at real estate for financial growth and independence for me and my family. 

Whatever happened to good old fashioned hard work and scaling back?

Facts: we have a new baby on the way and toddler so our homes have to livable in some form or fashion on top the lender requirements. 

Welcome to BP @KALLISA MORSE... curious, is someone hanging around on a busy corner in Silver Spring with a sign that says to "Join BP" (as in the "going out of business fashion" with twirling signs)?  

Most of real estate is learning in a trial by fire fashion.  

It would essentially be a BRRRR strategy, but we would end up living in the home in a house-hack fashion, for the foreseeable future.

I used 203K in a similar fashion. 

Shortcuts always come back to bite you in the *** in some fashion.

I have a feeling the FHA requirements will be on a case by case basis, whereas whatever reason you give them for moving out and purchasing another home will have to be addressed in some fashion.