This should be right inline for what you're looking for. If you have any questions on a specific case shoot me an email and I'll be glad to help.
However there are some things that FHA will not consider such as something that may be far out of the norm for the area that the home is located in. Also proximity to things like commercial gasoline storage tanks, zoning may be an issue, and condominium associations that may be insolvent or not meet certain guidelines for ownership/occupancy, etc. may not be acceptable.
You probably will get a lot of responses to your question identifying such conditions that are not acceptable but most homes are able to get FHA financing. In this market with tighter credit restrictions and so many Buyers having little money to purchase FHA is a very, very popular method so if for some reason a property will not go FHA the buyer pool is limited.