Even if you didn't manage them, your management payments would be astronomical because it would be unlikely they are all in the same area.

You mentioned buying a fixer upper with your HELOC and now are talking about a 20% down payment.

Layer on the ability to invest the funds that otherwise would go towards the down payment and transactional costs and you likely come out ahead in such a short term horizon renting.

Have all payments from  the tenants go to your LLC. 

After buying this house, I partnered with others to invest in a duplex in the Wichita area.At the moment, I’m living in Tennessee, and I’m weighing two options: either selling my house and using the proceeds to buy a duplex in Overland Park or Wichita with my partners, or keeping the house for another 3 years, transferring it to our LLC, and renting out the entire property to maximize its rental potential ( $1400-$1600 ) I currently owe $200k on the property with a 6.5% interest rate, and my monthly payment is between ($1,700-$1800).

Well based on that logic, home inspections cost money too and I could save towards my next down payment by skipping those. 

Maybe you can use your duplex as collateral seeing as you don’t have a big down payment?

There has been quite a bit of complaints in the past year of IHA mishandling payments or not paying at all and little to no communication.

@Paola AstridIf you’re considering refinancing an FHA loan, it’s a great way to lower monthly payments or gain more flexibility.

For near term investors, be prepared for sizable down payments to reach a cash flow neutral stance no matter how far out you look in the suburbs.