In fact one of them has a large dance club book once a month for a combination of dining with a night of dancing like the old days. 

If any combination of these things are true you can try to refi out of the FHA loan now with the equity in the place and then can use the FHA to buy the next place again.Of course you need to have enough equity to do that and even if you do make sure that it will cash flow with the new loan.  

Combined with the effective practical loss of some benefits, for example, that lenders may still require personal guarantees, etc..

This may be an experienced agent who is well-connected, a wholesaler, an investor or a combination of the above. 

@Johnathan Butler  Multies have their own unique sets of risks.  

Concerning mobile homes in parks I use a combination of lease agreements, addendums, disclaimers, personal property trusts and unsecured notes.

I would speak to a lender about a cash-out refinance on the property that gives you enough money to buy your wife out and pay off your current credit card debt, or a combination of the 2 (if you both are responsible for the debt, have her agree to take the portion she owes on the credit card debt out of the 35K if that's the figure you've agreed on for the property so marital debt will be cleared at closing).  

Quads to me are a unique beast because they almost produce enough income to be a commercial property, but not quite.

There are options to go to 90% CLTV - combined loan to value however I have yet to see what was mentioned at 80/15/5 which implies 95% CLTV with only 5% down especially on a duplex.The problem is that at 90% CLTV you will need 10% down which is all of what you mentioned as savings so you'll need seller concessions, lender rebate, or a gift to pay for closing costs and other due diligence costs.

I realized that they all have something unique (and sometimes not unique which just pounds the message home) So I have notebooks for each of the Strategies that I take notes in.