Or at least just getting all of your thoughts and numbers on paper (or in a spreadsheet) and mapped out over the time period you're talking about, I think would be a very helpful exercise for you.

Property management is not a joint exercise between you and them.

There are some lenders that will do a DSCR loan with an option to purchase as long as they can't exercise the option for longer than one year.

It's a good exercise  

Beyond that, carrying - whether concealed or open - is mostly an exercise in machismo, since the vast majority of individuals that carry are men.

So, let's say "Johnny Slip-n-Fall" goes to attorney to file claim suite on the client exercising strategy I know. 

But its a good exercise to go through this and try to figure out how it would be more cost effective for first time home buyers.Also keep in mind when I started in RE  Seminars or weekend work shops were put on by brokers and agents teach ing these buyers how to buy their first home..

You can indeed transfer the FHA loan into an LLC if certain criteria are met, though your bank may exercise its due on sale clause and require you to get a new conventional mortgage.

@Isadore Nelson I'm currently seeing 154 available rentals on Zillow in the 19119 zip-code, ugh... is exactly the wrong way to analyze a neighborhood, lets use the 19119 zip code for this exercise: Did you know the 19119 zip code is ~ 3.5 Square miles? 

All could be fine here, but this is a good exercise in due diligence and the value of this forum and community either way.