If not, you can still get a second FHA loan if you have any of these exemptions:We do not object to homebuyers using FHA mortgage insurance more than once if compatible with the homebuyer's needs and resources as follows: A.

Pepper spray, stun guns, tasers, knives, handguns, hard objects for striking (kubotons or other things that be put on a key ring) are legal to possess, carry, and use in some areas and not in others.

If you go to foreclosure you need to pray the borrower doesn't object and seek council or read posts on BP.

As @Jay Hinrichs  is pointing out, CHEAP pricing, especially compared to where you live is nothing more than a shiny object that gets investors in trouble.  

My objective was to pitch a lease option deal (which is why I posted in this forum) that would allow me to put down a minimum amount of option money to reserve the right to purchase the house in say, 2-3 years.  

I think I will sit out on this one since rental being my primary objective doesnt seem to be that great. 

Another is the Digital Federal Credit Union (dcu.org).  

We've always wanted to add REI to our portfolio (for returns, diversification and entrepreneurial pursuits).We have specific objectives:1.

DOM would bother me more than a declining price unless the price decline is double digits month over month.I believe the declining price will impact flippers that are buying on the fringe.  

Work the numbers against your objective and Good Luck.