Units, location, condition dictates the program that works for each deal.

FHA is more of a first time home buyer program or for someone who has had credit or other issues that may not fit conventional guide lines.It's an attractive program that offers a low down payment options but its not easy to get an FHA if you live in a superior home. 

Some non-QM loan programs will allow you to take out 70-75% of the purchase price plus documented repairs within the first 6 months of owning the property.

There are some creative programs out there if you look enough, and some that will look mainly at the income from the property vs your own personal income.

Does anyone have experience with this program and if so, is it worth the price tag? 

All - we are getting two of our investment properties refinanced, and the mortgage company has offered us an attractive rate as part of their investors program.

During the second semester, I applied to become a member of the mentorship program that allows participants to learn and develop resume, interview, and network skills, along with learning and applying technical skills such as real estate accounting and valuation fundamentals.

FHA is a special program to help people accomplish the home ownership.

The programs that allow a lower downpayment of 3-5% are going to require that the property be owner occupied for one year, and would also require PMI until 20% equity is achieved (conventional) or for the life of the loan (FHA).

He will have access to this program with very competitive rates.