We can still fund a deal with this type of structure although the funding fee increases, That is why #1 and #2 are preferable choices.

Where FHA deals can be more difficult, I am having trouble understanding how that alone is preventing your offers from being accepted and, where inventory is very low right now, suspect the $100k approval is what is limiting your choices most of all. 

So I've been studying the state of the art, best tools & practices in Property Management, especially curious about Work Network development and proactive, preventive maintenance.What I've been surprised to discover is that the best PM platforms are full-blown accounting systems, designed to replace the likes of QuickBooks which has been so popular for so long.The thing I'm wondering is, if real estate investors are well diversified, they're probably doing a lot more than just investing in real estate.  

From research I did some time back, I believe that in Michigan it is normal practice for PM to also charge when they sign / resign a tenant.

If you're wanting to sell it when you move, or use it for equity leverage later, the first choice sounds better.  

Unless you're Licensed to broker RE, or are already named on the property TITLE, don't use Contracts that allow you to assign to someone else before closing, because the Ohio RE Regulators have dissallowed that practice in Ohio for everyone else.

Success is a process, failure is a choice

My initial reaction is that I would inform the Seller that failing to close would breach the contract, that you are fully prepared to close and will proceed as if closing will happen as scheduled in the contract, and that if Seller breaches the contract you will have no choice but to exercise your right to seek a remedy.

Spend some time on your free "MLS" of choice.

We're new to Texas and not sure if the same lending practices hold true for all states?