Because we are in house with our development deals I am not counting on someone else's ability to find a good development deal.

It seems like the IRS is simply giving me as the organizer, or managing member the ability to choose one or the other scenarios, with either a clause in the operating agreement, or written on the Articles of incorporation/formation, or simply by a Members Resolution.

You would then have to charge the tenants for electricity since they wont have a bill.

I'll keep the FHA in mind as a potential second strategy though as capital will likely be a limiting factor in my ability to make deals, at least for the beginning of my career.

either way, there is a  higher than usual risk of  your renters losing part of their incomes stream, impacting your ability to collect rent, and that's ignoring any other reservations you might have. 

But your tenants should ultimately know that you control their ability to remain in that unit, so if they become too difficult -  you just let them know at the end of their lease you will not be offering a renewal if things don't improve - whatever the issues may be.  

The thing about RE that I like is my ability to control the individual deal.

Also ask "are you covering closing costs", "please provide proof of ability to close."

Bartending is the only place where I can make $30-50 an hour at the moment.Luckily I do share this house with my sisters and their husbands, so if an FHA purchase and living in a house for a couple years is the only way, I may be able to swing that.I'm fairly handy and have done many of my own repairs to this house over the years, so I'm fairly confident in my ability to be able to handle a slight fixer upper. 

This project highlighted our ability to enhance property value through strategic, minimal renovations and effective project management, resulting in a successful and profitable sale.