FHA is a loan product only available to owner occupants.

It wasn't till after reading books like "Rich Dad Poor Dad" and discovering the BP forums there was another way to make a living. 

:-)My very first response to that would be to buy Rich Dad's Cashflow Board game. https://www.richdad.com/products/cashflow-the-board-gamePlay it with friends until you figure out the best way to get into investment and out of the rat race.

For Cash offers you are going to have to establish a basic Comp of the house, and consider it's condition and cost of rehab if it is in a poor condition in comparison to neighboring units.

@Derrick DillFurther to this point, there are also loan products for medical professionals that are 0% DP, no PMI up to $1.5M.

It's unrealistic and she's got the typical poor-person mindset that she loves New York and she loves her cat and she loves her dog and she just has to stay there...which is why she will always remain poor.You want to help her?

Also note, there are other acquisition + rehab products out there, some conventional.

Unless the investor is local and lives there most of my clients stick to buying in urban core to strong suburban areas.For tenant type you have credit rated investment grade tenants BBB- or better by Standard and Poor's.

"Newport" is the product of theirs I used.

May not work for an FHA but you could look into buying a multifamily as part of a joint venture with a financial partner using a different loan product.