So if one bank is giving you an objection already to this idea then look for another bank.  

As a rule of thumb your monthly rent must be greater than your monthly payment (make sure to include vacancy rate and maintenance).Different story, if your objective is just to build up equity and if you are not worried about the cash flow.

PM me and we discuss your objectives here in the Sacramento market.Thanks Deonta

If you are through with this you can now talk about investing strategies, plan, goals and objectives where you determine the type of property you want to invest in and the goal of the investment could be investing for cashflow, capital gains, or for  appreciation of property.

What's your objective?  

This has been a valuable board and it has allowed me to look objectively at the situation.

Greg, The trouble with those who say money is no object and they want to learn is that most think that if they throw a lot of money at a problem that will solve it.

First off you need to explain to them that in a buy and hold scenario, cash flow is the main objective  and regardless if the asset goes up or down in value, the cash flow is there.

Objectively speaking, IF the FHA is beginning to tighten standards, won't the greater part of your buyer base be undercut from loan viability?

Even on first glance this is obvious.So I'm spreading the net further, not so much that I'm considering an "out of towner" strategy (valid though that may be), but enough that I need to identify a set of solid objective criteria to help me to determine which neighborhood(s) on which to focus.