You only need to determine what is a good deal for you and then make that offer.

I read that to gain understanding of how to determine the after repair value of a property.

The value of each is determined on its own, then they are compared as alternative paths to take. 

Cashflow is also a determinant factor. email to share more details.

Compared to a loan with a 12% interest rate you’re looking at a difference of $1,250 - $2500. 4.Each property does go through an evaluation process where we send out 2-3 local independent evaluators to the property to determine the After Repair Value of the property.

My advise would be determine who you are going to rent to. 

The latter would kill the deal, so I am curious to know how to determine this while I'm still in my review period.

OJT is typically not an option.Once you've determined an offer the lender is likely to accept, re-work your numbers and see if the deal is still worth pursuing.

Is there a particular way that you determining if they have equity?

As long as the relocation meets the two requirements above.Increase in Family Size - A borrower may be eligible for another house with an FHA-insured mortgage if the borrower provides satisfactory evidence thatThe has had in increase in legal dependents and the property now fails to meet the family’s needs; andThe loan-to-value (LTV) ratio on the current principal residence is equal to or less than 75% or is paid down to that amount, determined by comparing the outstanding mortgage balance to a current residential appraisal.Vacating a jointly-owned Property - A borrower may be eligible for another FHA-insured mortgage if the borrower is vacating (with no intent to return such as divorce, legal separation, etc...) the principal residence which will remain occupied by the existing co-borrower.