As a result, seeking option to purchase the property with 20% down with a FHA loan.  

Where (what data source) did you get this analysis from?

We typically try to get numbers from 3 sources.

The reality is the resale value might be greater if you combined two of the one bed units to make a two or three bed unit so the property would be a four unit property and qualify for the 30 year debt financing of conventional owner occupied multifamily property.Another option would be to split off the house and sell it as a separate unit.

Hi Lisa - DSCR would be a great option for you.

You could consider house hacking though, this will allow you to live on your property while the rental income helps cover your mortgage and potentially generate additional cash flow.Another option is to start small with a single-family home as it typically requires a lower down payment.

Look at all your options and research what type of real estate investing is the best option for you.

If they have actually proved mold (highly unlikely) the next step is to carefully evaluate their report and see whether the tenants actions/inactions may be the source of the mold...

I know a few sources but have not taken those steps.Has anyone found / bought delinquent taxes lists for GA counties? 

However, this comes with the caveat that you and your husband are prepared to cover any potential increases in mortgage payments after the renewal, especially if the new rate is significantly higher than the current 3.5%, which I ignore since I am not versed in the mortgage system in Canada (although it does sound a bit like an adjustable rate mortgage from what you described).Before making a decision, I recommend speaking with a financial advisor or a mortgage broker to explore your refinancing options and get a sense of what rates you might be looking at come June.