We are in month 4 on the short sale.

I had an offer for 85k for the short sale.

Furthermore, I am not necessarily looking for cash flow in the short-term (apart from, of course, having adequate cash flow to cover debt service/ property management/ repairs/ vacancy, etc, etc).

I have located a short sale, about to be foreclosed property that I like.

Have the means to travel to the location whenever necessary, on short notice.

:Short term option, until the money runs out is raise tax/find more tax sources.The BEST and fairest option is simply cut government spending.

I hope to finance my first home with an FHA mortgage, but would like to acquire investment properties relatively shortly after moving into the first home.

Even if it is stabilized, but especially so if there isn't a long-term anchor in place.So, a lender is likely to mitigate its risk by offering a short-term loan with a low(er) LTV not only to hedge against vacancy rates, but declining values as well.

A link to a sample authorization to release loan info can be found in this next thread:http://www.biggerpockets.com/forums/81/topics/73821-renting-a-house-in-short-sale

They also only make short term loans.