A few additional pros and cons of an FHA loan is that the appraiser has stricter guidelines, one of them being that they have to point out any health and safety hazard that are present and require them to be fixed prior to closing, which translates to potentially a riskier transaction for the seller.

My problem is that beggars can't be choosers and it doesn't seem like a smart move to wait several years to save my first large DP.

Several reasons:1.

My wife and I are new to RE investing but have lived in Baltimore for several years.

I know for a fact there are several videos laying out the ins and outs of them.

I fully intend to rent out several of the rooms, possibly in a Short Term situation through AirBnB type sites, some rooms to what I hope to be my daughters college friends that have Mom & Dad to foot the bill for them :) Aside from that using a small MultiFamily is a great idea as well as even doing a live in fix and flip, these are all ways to house hack and unless you just can't stomach having "roommates" or living next door to your tenants then I just can't see a downside. 

@Logan CaudillI don’t ..however there’s many on here that have several hundred and actually many who have several thousand .

@Gene Walker, The former owner can raise this issue in several ways.1) They can provide sufficient evidence to the tax collector to persuade that person to declare the sale void. 

I have several rentals but this was the first time someone claimed of lock change that got me.

I thought she was paranoid till later news reports came out about ground water contamination due to several chemical business that since closed.