It's a market that flys under the radar with a lot of investors, but the fundamentals are there. 

@Helen De la rosaConsider truly self-directed Solo 401k if you are eligible, it has several major advantages to SD IRA.

There are only a few exceptions that allows someone to have more than 1 FHA loan at a time.Relocation: If a borrower is relocating to a different area not within reasonable commuting distance of their current residence, they may be eligible for another FHA loan to purchase a new primary residence.

I want to use the program if I am eligible for funding.Thank you!

One would ask that you put 10k in regardless of your eligible leverage, and they would fund the rest + 100% of the rehab. 

This could be an individual person willing to give you money, or a private bank, or an organization or business of some sort.The long answer is much longer and if you're interested in diving into the topic here's a few resources I can recommend:These are two great books (also available as audio books and e-books) that go over the fundamentals of what private lending are, what it means to raise capital, how to find deals to buy with private capital, and a lot more.

FHA has caught on to this trend & updated the guidelines to prevent people from abusing FHA financing.Here are the guidelines directly from the FHA Handbook:Policy Exceptions Eligibility RequirementsRelocation: A Borrower may be eligible to obtain another FHA insured Mortgage without being required to sell an existing Property covered by an FHA-insured Mortgage if the Borrower is: • relocating or has relocated for an employment related reason; and • establishing or has established a new Principal Residence in an area more than 100 miles from the Borrower’s current Principal Residence.

However, you could still make the property eligible by renting it out for a period before selling.

Another kicker is to create a Tax Exempt account (if eligible).

Just talk with a loan officer or account executive first so you know what is eligible for them.