Get your tenant to explore NON- FHA options like 99% ltv & 97% conforming loan options.Also, you need to know the REAL deal with this buyer's "Mortgage" report credit and ability to obtain a loan.  

I’d go to work for one of the big wholesaler companies in town and learn from them before you go solo

Roof may need some work and there is a 2 car garage in terrible condition that might need to be torn down to make room for tenant parking spots.Property 2: On market 90 dayslist- 199,900 (considering offer of 178k)Taxes- 5400Rents-975PITI-1600Good neighborhood but further from colleges and down town area than property 1. outdated building, black mold in attic needs to be removed, basement is in rough shape and needs to be overhauled.

St Joe is an interesting town with some good opportunities for someone that lives in the area.

Old town clovis as well.  

The market in the town has been growing a lot in the last few years.

I can rent it out for 1050 a month, after taxes/fees I can cashflow about $800 a monthI have a second town home I bought in 2009 for 30K, it's worth 75-80K now, I can rent it out for 900 a month, after taxes/fees I can cashflow about 600 a month.  

Brunswick is a great town for rental real estate.

The typical scam is the tell the person they are out of town and to wire money to there attorney to set up a showing.

One owner in town finally gave up fighting the city and sold a building they were breaking the rules with.