I’ll add one more angle to the discussion in that all of these beliefs about working from home can be true or untrue but they could be a bit short sighted flippers excluded). 

And I wouldn't agree that there is a commonly held belief that investing in DFW is better - it is just a larger MSA, so the sheet number of investments there is going to be higher.

Tell Section 8 your plans and tell them your belief that it is under market rent by $800 a month, that is the best way to get the info you need to make a smart decision.

I think this is primarily because sellers largely still hold the belief that a cash offer is fundamentally higher, better, and more golden than a financed offer. 

An attorney should be consulted to find out for sure, but my gut hunch is that you receive very little or no liability protection from the LLC when you have that level of co-mingling.Contrary to popular belief, there are zero tax benefits to owning a rental in an LLC vs owning it in your personal name.Lastly, check with your lender, but I believe you can have more than one FHA product. 

My belief if you are planning on only doing this once, the savings will not be substantial compared to the work.  

And of course, this last part, is a mystically belief.

It started in March or April, when all this moratorium on evictions started.To be more specific, one tenant paid it for religiously for one year, and the other tenant for few month, and then all this started...Do you remind your section 8 tenants?

Cold call religiously, text, and email.

If you feel this is a problem there are other avenues to address the issue besides dipping into other people's savings, mainly charitable or religious organizations, which those who share your conviction are free to avail themselves too.