It's a lot of house for me alone, and think the market for it would be doing a Short Term Rental with it for reunions, wedding parties, conference housing for BSSM, womens/mens groups, youth, etc. 

I'm a member of women investor's club.

I have read every comment and discussed it with my wife, but for unseen circumstances we will be unable to proceed on this property.

So, NEVER under any circumstances spend it...just use it to infinity. 

The other unfortante circumstance of FHA loans is that they don't have an equity line that you can use.

You pay points and interest depending on the circumstances but you also have the flexibility to pay interest as you go or pay at the refinance.

@Dallas Waldon  Generally you would request one of the W-8 series of forms from her along with her signature on your contract.The facts & circumstances of the arrangement, as well as the current tax treaty in place between the US and the Philippines will determine what withholding needs to take place on payments to her.I would consult your tax CPA/EA, or onboard one if you don't have one. 

It's very rare, but that's the circumstance under which I would feel a real turnkey company would negotiate to some degree.Again, if the asking price is $20k above market, just walk away.

Also, I don't see too many women involved.

Now, I feel like I have learned enough and want to really get into the game.... but I am currently staying home due to personal circumstances which is preventing me getting a traditional loan.