The principle reason to ever go FHA is if you can't go conventional due to DTI or low credit or you live in a wild area where the difference between 3.5% down and 5% down is 7k...To touch on your questions FHA loans are specifically designed for owner occupants and the rules state FHA will not back one purchased for investment purposes.

A lot of this business is creating a strong brand by standing on the principles that make each of us successful as investors!

I have a seller that is going through a divorce and her house is going to foreclosure on Jan 7, 2017She owns a principle loan balance of a little over 200kThe Arv is around 220k-240k I was wondering what is the best way to help her out?

One plan I've considered goes against common knowledge, but might fit your goals if you really think things might peak.SellTake the tax hit Use the money to pay off the principle on my primary residenceGet a line of credit on the primary ready to execute at a moments noticeSit back, have a beer, and relax without thinking about rehabs, tenants, or refinancesBut keep an eye out for dealsIf the market peaks, I'll be in a great less leveraged place.

I guess I'm worried about how having a liquor license will effect the building/other tenants...do people object to living above a liquor establishment?

Using the principle of respondeat superior, the contracting company is the most likely entity they would sue if it ever went that far. 

@Charlie DiLisioalso, would you be able to advise as to what the below means on the hubzu site:      Buyer has 5 days from receipt of title information to raise any title objections.not familiar what title objections is about?  

So my current objective is to start with wholesaling at first.

The seller's main objective now is to find a way to get out of the property without foreclosing.I'm not a wholesaler and have never done a wholesale deal.

We have the same objective concerning travel for a family of five, and are nearly there...after a lot of shaking, we are nearing lift-off.