It is perfectly normal to be overwhelmed when starting out.

So selling as yourself and buying as her is perfectly fine. 

They qualify you based on how much money the rental property pays you (rental income).If it's your primary home, then either pay off some low-balance credit cards/car loans/other loans to lower your monthly debt--or explore strategies to increase your income (feel free to message me for more info on this).

The HOA is actually a perfect fit for me to be able to offer ammenities that I would not be willing to maintain remotely.

So if the first 4 years of rental go perfectly with no management costs, no repairs, no vacancy, no capex, etc etc.  

I run a specialty Short Term Housing Solutions company with Healthcare and Corporate business clients and I'm looking for the perfect homes to accommodate them.

Within FHA loans, those MIP payments are essentially permanent until the loan is refinance (which depending rates could be a wild card).2) In FHA, you also have the additional fees (UFMIP) which is 1.75% of purchase that gets lumped into your loan.

(I also only have 1 credit card with $500 credit limit.

They used credit cards  (which I do not recommend) or any other means of financing to get that first deal. 

Investment Info:

Single-family residence buy & hold investment in Houston.

Purchase price: $130,000

Cash invested: $16,000

Bough off market, from my own marketing efforts. Used private funds. aft...