And the suggestion to sell one and buy several using the proceeds (including deferred tax) as down payments is stellar. 

If I put 20% or more down, can I get the PMI removed without losing the stellar interest rate--meaning, can I get the PMI removed without having to refinance out of this FHA loan?

Most of my tenants don't have stellar credit so they don't have many or any open credit accounts.I usually look at the whole picture, gross income, rent, credit score etc and make a decision.

It’s not allowed here with stellar mls. 

Stellar list above!

I am also looking for a stellar property management company to interview.

The few hundred dollars in cash flow will be insignificant to the growth of your return via SD's stellar appreciation.

Schools aren't as important, since these aren't usually catering to families with school age children, but gangs, drugs, murders, assaults, break-ins, etc. will ensure that you get amazing less than stellar tenants and all the complications that come along with that.Best areas to consider in my opinion for multi's would be near Broad Ripple off of College Ave, but don't expect to find a deal.

I think that even knowing my deal was not as great as deals can be, I needed to take that first step and as I learn from others, unless you get yourself into a terrible situation, a less than stellar deal is hardly regrettable.

I've had properties for 20 years in Springboro between Dayton and Cincinnati where growth has been red hot stellar for well over 30 years running.