While the prices of home are low, rent yield is still strong making you feel more confident in achieving those cash flowing goals. 

While I don’t suggest that the smaller type investor purchase and utilize “exotic” vehicles like foreign asset protection trusts, family limited partnerships with outside controls, or Byzantine or convoluted maze of ownership entities, the more simple strategies of using Series LLCs, self directed retirement plans, and paying off their home mortgage to the extent of the Federal BK homestead exemptions can insure that a plaintiff attorney never even considers going after them.  

I purchased a larger Self-Storage/Office property in FL where the son's of the original owner wanted bright shiny new office building, not Dad's old junk. 

I've only done two projects thus far, but the branch manager seemed confident I would be approved for at least 90k line of credit.

Your landlord is both not too swift, and is also self-managing a $3000+/month rental.

If they do not qualify because of poor credit or income issues compared to being self employed etc there are differences - but typically people don’t qualify due to poor credit and people will seller finance to these borrowers thinking they woke up at a holiday inn and got a finance degree when in reality they repeat their past mistakesRemember the definition of insanity is doing the same thing over and over again expecting a different result

Then when you're skilled up and confident you can take your remaining non-emergency, non-reserves cash and scale more aggressively. 

Now I own and self manage 29 SFR and find it to be easy.

I am going to continue educating my self while I get enough for the DP and other expenses.

However if you plan on buying 3-4units, there is a trigger rule for FHA, it is called the self sufficiency test.