You are correct about seeking objectivity. 

Also, what are the financial performance objectives you require for your first deal?

Like @dave foster mentioned, i need to learn to be objective and not stay attached to a property that I once felt I would hold. 

Objective was to diversify some of my stock market exposures.  

Once their stuff is safe, they'll have a much easier time moving on.I've had to handle true hoarding in one of my rentals - it's an objectively sad condition. 

Buying presale you should expect that the timelines they are proposing are highly dependent on reaching their presales objective.

@Don Konipol - Just did a podcast episode that about quality of paper is getting worse that is available on the market, quantity is down and cost is up which all equates to lower ROI and higher risk. you are correct that it may get ugly for some.

Quality buyers over quantity is the name of the game.

I'm then planning on refinancing out of the FHA loan into a 30 year loan to remove the mortgage insurance after building the equity.My question is there a limit on the quantity of FHA 203k Loans a single person can take?

I'd avoid holding this quantity of assets in your own name.