According to the article below "borrowers will receive favorable pricing in exchange for limiting rent growth on 80% of the units in the property and keeping them at levels considered workforce housing for the life of the loan."

I will have 13,000 in funds available without borrowing money.

Rental refinance seems like the obvious choice if you only want to have one payment, but still remove the equity from your rental.

And they put every user into all of their funds, no matter how they choose the different choices on the wizard.

As an FHA borrower you will have to live in a unit; therefore it would have to be close to work/school etc etc. 

You asked a good question and this is based on my knowledge and experience and do not intend to put you down personally.If it is totally my choice, I would try to get into apartments. 

I was in your position earlier this year and made a choice based on calling and speaking with a number of companies, as well as getting their rates.

I just think the market is so different here we have no choice to get in the market but with single properties either a family home outside the CBD or an apartment closer.

Remember people live paycheck to paycheck by choice.

The less you borrow the easier it will be to handle a downturn, but that goes hand in hand with a lower mathematical return.