He meets 99% of the criteria and seemed like a good fit.

I've been using texts for little "fyi" type of things, but it's an administrative hassle doing this for every tenant (but maybe is just par for the course?).   

If you intend on using FHA again, you of course have the issue of proving that the you either had a material life change warranting a larger property (had children) or you are moving far away for work. 

Getting specifics signed off on , and of course being in custody of their deposit + last months rent is the best way to get cooperation.

I know there are other methods to obtaining a deal and wholesaling It on the back end like double closing or JV but all situations are different of course and not all wholesalers prefer to JV and split profits.

Someone offered to pay for us to get a real estate license and of course, we said, sure!

If you were ok with taking on additional debt (loans your tenants would pay down for you over time), you could potentially leverage that 475k into 10 or more cash flow properties (though there are limits on how many loans you can carry at once).Of course, there's always a middle ground too: sell the condo, use some of the money to increase your DP on the new house and use the rest for investing.

Maybe they need to fit you in to get it done.

Of course, but good luck explaining you do not have any collateral. 

I've seen a few properties potentially fitting this criteria in the North Richland Hills area, maybe Euless and Bedford as well.