Nice mixed use property came up for sale practically in my back yard in rural, south of Pittsburgh, Pennsylvania.  10 residential apartments + 3 commercial spaces.  They are asking 950K.Gross rents: 100,800Utilities: ...

These areas are more stable, but you would have to put effort into finding below market deals.

It's not uncommon for buyers using FHA products to face rejected offers or the need to significantly sweeten deals to compete with those favoring conventional loans.

What made you interested in investing in this type of deal?

If you have the income to support DTI requirements, Conventional investment products will provide the best deals.

(Not a big deal if the home as a big chunk of equity).The other optrion if you want to buy an investment is take your $15k and partner up with a family member or a friend and go 50/50 on a investment property. 

This in part will depend on how good the deal is and what they other parteies other options are. 

What made you interested in investing in this type of deal?

They get the deal, but how to present it to the lenders is a problem.

I like that it's turn-key, cash-flowing, and I will not have to deal with tenants.