Should I move forward with both conventional and FHA in mind so that if conventional doesn't work out (at 5% down), there is a plan B?

Our rental agreement offers half price late fees if they are talking to us and work out a payment plan rather than avoid us, but most people don't take advantage of that then use a good chunk of their grocery money on late fees.

I have a secured a private money lender as of last night (still have to work out the details) and I am now looking at potential properties.

New construction is very capital intensive, so mistakes can be costly.  

Still researching other markets I have ties to, but should those not work out, I may reach out re MO.

If that doesn't work out I will have to turn the additional repairs over to my management company or finish when I return in July.I also received a worried call from my insurance agent today that underwriting would deny the house in it's current condition!

XXXXX XXXXXX (also an owner and self designated representative for the units) to work out a solution not only for my tenants, but for the benefit of the entire complex.

I would expect the triplex to be, umh, ahem, a bit more management intensive.

You have to figure the rent from the market, then work out the price.

However I can't see how this work out with economy still in the recovery mode (people with no jobs, jobs with less wages and/or jobs with insecurity).