I know you're not keen on refinancing since you don't want to lose your current rate and you're likely not at the 80% LTV mark, but this path would free up your options and enable you to acquire another multi-family home sooner than saving up 15% down for HomeReady.Also, your current FHA rate of 3.750% will come with life of loan mortgage insurance of .850%. 

Police, doctors, nurses, teachers have their own special loan forgiveness after 5 years, social workers, public defenders.... basically anyone that is doing something good for their community.

Right now I'm in school to become a elementary teacher and would like to find ways to help supplement my income.

I propose that you focus on one strategy/path of all those you listed, find the repeatable thing that you can turn into a business which will then grow and support you and enable you to quit your other job.Check out The One Thing, see if that helps.

Term life insurance is cheap unlike cash value life insurance and will enable you to buy enough coverage, with cash value you probably don't have enough.IRA can only be funded with new contributions from your earnings or by rollover from another retirement account.

I was a teacher and was just terrified of not having the money for my loan.

Parents, teachers and coaches taught you, maybe pushed or dragged you along until you were set free to soar like eagles.

This change will provide more Americans with greater investment opportunities and enable the businesses they invest in to create more jobs.

@Thomas Hausfeld welcome - have a few buddies that graduated from Bishop Caroll as well as my mother - but WAY before your time...ha - Take some RE classes as electives at WSU - they have some pretty good teachers - the head of the RE dept is a great guy - can learn lots from him and get a few doors opened if RE is what you're interested in. 

My daughter's piano teacher gave me this tip, giveaway everything you haven't used in the past 2 years or not likely to use for another year.