For creditworthy people, often they do FHA because it's easier for the lender to get an FHA loan through than Fannie, even though 5% down Fannie is objectively a better deal (ie, lazy lenders).

It can be done, just take the emotion out of it and rely on verifiable objective analysis. 

The objective is to take over in the owner's place so things like this don't happen again and earn a return on my investment for satisfying these debts and managing the property. 

I'm hoping that my wife will get over the  initial shock of my sudden shift in pursuits and at least not completely object once I start showing good financial progress.

We had no idea.I am almost out of money and feel like I've been taken hostage.

Those are just a few objections that no one has been able to satisfy.Now for the nugget of wisdom.

If you can align yourself with an excellent sponsor (ask for references), you may be able to achieve your RE objectives while riding on the back of someone who is already doing it in the markets in which you have interest.Also, if this sounds intriguing, ask the sponsor to provide you with examples of deals they have done...with an eye toward seeing what they originally projected vs their actual performance.

. :)  just being objective here. sometimes I think we all think the grass is greener.. but the grass in Orygun is pretty darn green if you take sometime to find the deals... :)

Investing typePersonality styleAs an example, if your goals and objectives are to provide a steady income (capital preservation) than you are investing in a different type of asset/strategy as opposed to one where you want to focus on maximizing wealth (capital creation). 

Anyone know any good objective resources on learning about this market?