The difficulty in Worcester is that the best value properties in Worcester are not FHA ready and the sellers dont want to sell to FHA buyers if they can get a 5% down Mass Housing buyer or a 20/25% down buyer. 

Now I understand that I should be looking for an investment property with a final purchase price 80% of market value or better, however I am having difficulty understanding what determines "market value".

I am looking for some advice on how to present a proposal for financing, I am still quite raw in real estate investing, I do have 2 homes In KC, one is rented and the other is in final stages of rehab, I am trying to re finance my rented home, however being Canadian is quite difficult. I

In regards to your plans for getting your first property, Plan A will proof to be very difficult I believe...

Let me know if the message didn't go through - having some technical difficulties at my end, haha.

If you've lived there for at least 2 out of the last 5 years, you can exclude $250k ($500k if you're married) of gains from your taxable income.If it was ever a rental property, there may be some allocations/limitations but, if not, you'd get the full exclusion.The difficulty in getting loans depends on a number of factors like the lenders you're speaking to, credit score, DTI ratio, etc.

Benton then went into his history of illness or difficulty in finding alternate housing and the like.

My limited experience would tell me that a land with debt more the assessed value will have a difficulty getting a construction loan.

The most important thing is to have systems in place to help circumvent or navigate those difficulties before they become serious problems.

A tenant thinks of the cost (of a new appliance) and the difficulty getting them moved and installed and to them it feels like a lot.