In that situation, I believe your assets will have to go through probate, which is a complicated and expensive process that could be avoided if you took title strategically initially .

These limits can be found on the HUD website:  https://entp.hud.gov/idapp/html/hicostlook.cfmI would like to hear from people who actually did use an FHA in a strategic way like you suggest.

I try to be strategic about my purchases there, first drilling down for cashflow and then taking a step back to see if I can put myself "in the path of potential future appreciation" as I like to say.It's worked phenomenally well for me and I'll continue investing in Detroit until the masses are beating the drum on the city.

Any deals you find that don't fit your BRRRR initial strategic focus you partner with someone experienced on. 

Whether buy and hold or fix & flip you'll be competing against cash buyers.The strategic difference after a renovation is finding tenants then refinancing.  

One of the "Assignments" the two Mentors gave out was: Find houses in need of repair that also had driveways/walkways that needed to be shoveled (many false leads with the recent 102" of snow;-)We exchanged phone and email information so folks could call the Mentors with the data and we could reach out to find the owners after strategizing on contact approaches.

However, I still face the strategic dilemma of which buyer do I pass this info to, and how do I ensure that I get paid?

I'd like to start wholesaling to get acquainted with the market, but if I can find some really good strategic partners and properties with nice spread, I would be happy to rehab.

Any recommendations for smart and strategic real estate agents in Baltimore or Houston?  

I was looking up strategic foreclosures (long story that includes 1.