FHA loans make it possibel to purchase an investment property with more flexibility than traditional mortgages. (They) can be a great opportunity for those who don't have perfect credit or enough saved up for a down payment. However, there are some requirements you must meet in order to qualify. First, your credit score must be 620 or higher. Secondly, you need to have 3.5% of the total cost of the property as a down payment (this can be gifted). Thirdly, you must pay mortgage insurance and closing costs which will add to the overall expenses of the loan. Finally, you need to show proof of income that is sufficient to cover both the mortgage payments and other ongoing expenses associated with owning rental property.

Despite these strict requirements, FHA loans are often preferable when attempting to purchase an investment property due to their leniency! You may also be able to get away with smaller reserves of cash on hand if your financial situation doesn't quite meet all criteria - making them ideal for first-time real estate investors who want to get started quickly and easily. All in all, FHA loans offer an attractive option for those looking into investing in real estate!

Transition: Ultimately, understanding the requirements of an FHA loan before applying is key!