Also, because you are at risk if the leasee fails to execute properly, you had best have a great lease and the ability to check on their performance. 

Plus,  if you have the ability to do another FHA 203k, it's a no-brainer.The low down payment is unbeatable, and then add on that the bank will all finance the renovation!  

I would check the events page in your area for meet-ups on BP, I would check for local meet-ups in meetup.com, and I would get coffee with as many investors on this site that are in your area as you can to get the ability to showcase what you are willing to bring to the table for them. 

Access to off market deals has more to do with someone's ability to network, know their resources, and continue to track down those sources until the right deal comes along.

It seems you and your husband have the ability to make a property more desirable and I would try to stay local for the same reasons you listed. 

Even though I am in south central Pennsylvania, I have the ability to lend in all 50 states.  

A lot depends on an individuals motivation, dedication, learning capacity, decision making capacity, analytical ability, time available, support system, mental state, and yes, luck. 

FHA loans are really only best in lower credit and lower down payment situation. if you have the ability to do 5-10% I would do it. if you don't need money for repairs , you could do on the higher end 10%+ but if you do need money for repairs 5% could be good. some lenders will do recasts on loans and you cannot do recasts with FHA.

Alternatively, keeping the properties offers long-term equity growth but with lower cash flow.Ultimately, weigh your ability to manage future cash flow, your risk tolerance, and your long-term goals.

Multi Family Apartments 2 Separate Buildings 14 Units + Piece of Adjacent Land.Valuation $1,050,000+   Seller Financed Payoff $721,500+$50,000 PPP There may be the ability to do a second lien DSCR loan on some of these.