While everyone else was losing value, Alabama was remaining stable. 

All in, and from research of many economists, due to lack of inventory, prices will remain stable and but market action will cool and with it prices, ESPECIALLY in the primary markets.

No mortgage on primary residence.If they add all monthly liabilities to the debt side of the equation, I need 2-25 as much on the income side of the equation to offset it to remain with a decent DTI. 

The remaining 50,000 is then split up with the 3 people on the team.

How far and how quickly remains to be seen.

The multis cashflow roughly $500/mo each, and we have additional HELOC money to fix anything needed and just plan to use the maintenance, vacancy, and profits to pay back the HELOC (hopefully in 3 years) and plan to BRRRR a property with the remaining capital once we find a deal that works.

But a cool dynamic nevertheless (w/ plenty of grit remaining..)

Also, in the case I got approved for a second FHA loan, the first would remain in place, correct? 

As a workaround, I had to manually initiate a second payment request for the remaining amount.

It depends on whether or not you wish to remain married.