If you're on good financial footing and have a solid credit score, I would urge you to look beyond FHA loans.

Once I have that I’m able to get a better idea of the financials and I’m sure I can move forward 

If the buyer tries to default, then I still get the assignment fee because he already signed the contract, and is still obligated to the original purchase contract as well.

I’m financial free meaning no debt, low bills, plenty of cash reserve.

I’m financial free meaning no debt, low bills, plenty of cash reserve.

(research criteria you could use) and then just start networking and have your financial house in order and before you know it you will have your first investment!  

Ive said this house needs a second bath right from the start and have gotten nowhere(even the realtor said it needed one), the biggest problem I see in this scenario  is that I really wanted and needed someone who has done many of these with the mindset of the investor/REIA  to walk me through, not my dear hubby who although very talented in what he is capable of doing isn't very good at organization, timeliness, of follow through, therefore he has now quit on me and Im stuck trying to learn AND figure this out and not lose my shirt in the process.I had my realtor walk through the job with me and try and help refocus me but I really even need the financial piece played out at this point .

@Joe G.I am not in anyway, shape or form benefit financially from this company, but when I was looking for a lender for my rental, I went back to the lender for my primary residence (Caliber Home Loans). 

When I said paying my self rent I was more or less referring to a little help supporting my business financially if needed.

I know this is a personal decision, but do you think it is a good financial decision to hold on to it until it is paid off so that we can use that money towards paying off our current house?