DSCR is available for an LLC to use for purchase and cash out refis as long as you never plan to occupy the property yourself.

I plan to get my RE License as well because this is a direction I want to go down for a career. 

What is advantageous is someone that is good at underwriting and unbiased (only analyzes the deal based on the underwriting without other emotions).Note i have a fair amount of experience and plan to place a competitive offer tomorrow that the underwriting dictates not placing a competitive offer.  

Denver is a strong market with solid appreciation and plenty of opportunities, especially for strategies like house hacking and the BRRRR method.Your plan to start with FHA and house hacking is a great way to get your feet wet.

What do you plan on doing with the puppies (once they are old enough to rehome-ie 6-8 weeks old)? 

I plan on getting a few more pieces of real estate once i see how the market shakes out.

A living trust I recommend for estate planning - that is all it does.

Sometimes the tenants plan on paying a month's rent at two places to allow a less-hectic move. 

It's really impossible to give you a direct answer on your question without knowing a lot more about your plans. 

Or do you plan on giving them the $1,500?