@Jordyn Gegg - I have a PM company that oversees all of my individual LLCs.

The home sold for 135k to an individual using a VA Loan.

Quote from @Brody Veilleux: As far as I’m aware, FHA loans are only for individuals.

If individuals and/or LLCs are the beneficiaries, then it is doable. 

While renovations faced delays, and initial rental demand was slower than anticipated due to construction setbacks at the casino, the property is now performing well as a long-term rental.

While my insurance charges are relatively low each year given this is a condo, I learned to better assess who is behind budget planning at the HOA level for all of the units for roof, cleaning costs, basement improvements (shared by all units), given this was run well by one individual.

Generally, tenants don’t have the right to demand relocation for purely cosmetic improvements, nationally. 

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

Although not a big deal, my tenant that is renting my property through THD is typically more demanding with an attitude of "I don't care, the insurance company pays for everything".

Look for properties in markets that have strong demand for both, within your $350-400K range.