I now monitor the owner's equity, return on investment, and other factors and then proactively reach out when they are ripe for selling, exchanging, or adding doors.

FHA is good, but you have MHP forever until you refinance. 

Of course you can manage for this and set aside funds however I suspect the risk and loss factor was/is far greater than the sponsor realized when they go in for this noble pursuit of helping homeowners save their homes..

FICO is a factor in both scenarios.

That HE loan would make you cash flow negative on the first property, especially considering you are not even factoring in any repairs, maintenance, vacancy or management.

There are certain factors that need to be met like LTV. 

Quote from @Deandre Brown: When analyzing deals, a few additional factors I like to consider are whether the electric and gas utilities are charged per unit or as a single expense.

There are a lot of factors that go into the decision.

I'm working with an agency in Mazatlan already and they posted the ad in the area of Mazatlan, Mexico.I feel this will take forever.

Those factors are more critical in a fix-and-flip scenario where you’re focused on resale to an end buyer.