I know you'll get a better mortgage rate if your "intent" is to make it your primary but I'm wondering if there are other option here, like buying a house in the $350k range and renting it out for $2k a month.  

Maybe I disclose a range: "Purchase price $30,000.

I think I also fell prey to the latter on another property because I offered $315 for a property with an asking price of $335k where the CMA pointed to a range of $275k-$330k and the rental analysis held me at $315k max (with 5% for vacancy, 5% for repairs, 3% for CAPEX and a 7% for management- it had a 9 yr old roof and all new AC and appliances so I reduced the CapEx). 

That's a big range. 

It's been on and off the market since 2012 ranging from $199k down to $150k now (they've just dropped it this week).I did call the family after reading your advice, @Jason Hirko . 

I have seen some sell in the $45-$60k range that have ARV in the $85k range.  

Its called the self sufficiency rule.- you cannot use non occupant coborrower for income purposes or you may have to increase your down payment significantlyAs for other underwriting guidelines, its pretty much the same as any other FHA loan.If all units are occupied you'll need atleast one of the tenants to write a letter to state they intend to move out by the date of closing.

A home without an operable/sufficient heat source in the winter is considered uninhabitable. 

Annette, respectfully, I don't think this is a great idea.First, it's very hard to find a rental in Fort Worth in the $50,000 range.

One contract with all owners is sufficient and I think the only way to do it.