Is there a totally different strategy to leverage low FHA loan down payments when investing remotely? 

My totally biased, but correct opinion, is if it meets your cash flow criteria, you keep them indefinitely.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

@Will Fraser you bet that  will lol

If you are looking for a long-term option, it would probably do the best for you in terms of total returns.

There was a Lot of false promoting of the idea of the 5 year SOL preventing banks from foreclosing, by foreclosure defense attorneys.....it was a delusion and lots of investors lost lots of money betting on that.

Also is there any point as his purchase agreement clearly states he must pay the total balance of the purchase price on or before August 5, 2018?   

I totally understand - who has time to do BP every day.

So, typically on a $200,000 property, I spend about $25,000 to control it, I get $25,000 back out immediately from the Tenant Buyer, I have a spread of $6,000 to $8,400 for each year, so a note that pays off in one year totals $31,000 plus or minus and a ten year total is $109,000 plus or minus.

It was wired into my brain that you wholesale to only investors who have enough money to buy in total.