I've been interested in REI for several years but haven't had the opportunity and knowledge to get in strategically.

I am looking for 5-7K lot home, I see several in the market already.

I would say I  already completed a deal but it was more of a happy accident, I purchased my condo as a short sale several years ago and as of last year it is appraised at triple what I paid for it.

There several items that make this NOT a deal. 

There are several guidelines to purchase like living in one of the units but you already know FHA is the same.

If you're comfortable with debt and can qualify for this much financing, that $140k could give you several down payments.The point is you're in a position with a lot of options, and most of them will result in greater cash flow, fewer fees, and much better diversification.

If so, then you are likely looking to buy a several more properties in the next few years. 

After looking at several, I realized that I DID, in fact, care about more than that.

I called several listed in forums and several local but they do not cover AK. 

I have read several books on investing and the general answer is that it depends.