SO I am negotiations on this property. Listed for sale by the Trustee or the Estate of the owner (who passed). Now my RE agent told me that the aunt/ caretaker of the owner (who was living in the house), which is also...

We have down payment money, but not for multiple houses in a one year time period.

Two, buy multiple, rental properties.

Anything you would recommend for managing multiple rental properties at a time to make life easier?

The small amount of "skin in the game" required by the borrower can usually be made from multiple sources (2nd position gap lenders/private lenders, seller carry back, cross collateral, personal capital, etc).

YOU work in Vancouver or WA and you pay NO state income tax.. your partner has some hiccup on the drive but its only about a 3 mile traffic jam then your off the freeway on surface streets to Portland State... and there is a huge water front deal going on in Vancouver.. it could be a real good play .. but something to check out.living down south like Newberg or anything like that is a non starter unless you want to drive an hour each way.but I have two duplex's that I can send your way they are both in Beaverton and are off market I would let you look at those before we list them and deal with multiple offers etc. in the process of rehabbing them now.good luck with your search.. if you can handle the weather here it can be a nice place to live like its been raining for 2 straight days.. many of us Californians really get sick of it and want to go back home LOL..

For the record I know I won't be able to have multiple FHA loans, and once we're in a new primary residence and have the rental, my plan is do flips/rehabs or buy and holds depending on the deals I find. 

@Mark Nolan, It's fantastic to have multiple  options to  utilize.Thank youAnthony

You can close multiple mortgages concurrently or back to back, but not staggered.This might be a concurrent closing scenario, if you're trying to pull cash out of a property you currently own for the down payment on the other. 

Just another idea for you to consider,and doesn't seem any more complex than evaluating multiple SFR'S.