I'd you don't have sufficient income, and credit, you won't be able to finance it, since your wife doesn't qualify, income wise.  

purchasing as an Investor vs an owner occupant I am trying to find the most recent and current guidelines for 2015 , as far as the required Down Payment percentage wise, if I want to purchase a property as a Investor vs as an Owner OccupantI know that it use to be 10%  Down Payment for HomePath propertiesand with HUD, I may even be incorrect on my thinking, but do they eve allow Investors to purchase properties ?

Plus what I've seen online price-wise for parts of it.

@James Wise Thanks for the advice, but right now I'm hoping this is one of the best strategies for me in my position trying to build my business and build my capital to broaden my portfolio.

If the investor is wise, the agent will do the opposite of spending time chasing overpriced houses.

I agree, this guy is way ahead of me skill wise. 

This is a very wise investment for a "newbie."

thank you James Wise,I don't have my eye on a specific type yet.

@Anil Samuel I know the labor may seem a bit high but sometimes the small jobs cost more in the long run labor wise then the big ones, the price to me seems reasonable.

And bunting toward first with no one on base gets you removed from the game.I think it is wise to look for extremely good deals when your resources is your biggest limitation.But that said don't stay out of the market for long or the so so deal may look like a bargain 1 year from now while you're still on the sidelines.