If I use my FHA loan, after a year of living in the household, can I convert my FHA to my LLC and still reap the benefits of that 3.5% down payment? 

The median household income in that zip code is $60KThat house will never rent for more than 3K on a good day.Sometimes its better to look away from estimators and look at what is actually happening.Sorry to burst your bubble, could still be a good deal.

I ALWAYS require MINIMUM 3X rents in gross household income, no exceptions other than pre-paid for FULL lease term (yes, I lease this way, not theory).

I reviewed other market conditions (population growth, median household income, etc.) and I ended up passing up on this deal since it didn't have a population growth over the past 2 years. 

The appreciation and B+/A- area being under nat'l median household price is a win. 

https://www.phila.gov/CityPlanning/resources/Publi...pg 40/41"[1] When the proposed use is in an attached or semi-detached building, the household living use regulations of the residential district to which it is attached apply.

The article, mentions a household would need at least $114k to afford a median priced home ($420,000 as of writing).

Currently readjusted my household cash flow to focus on debt reduction and cash savings that way I can invest within the next year or two.

My wife is a veteran real estate agent in SF and is very focused on continuing to build her book of business, so I'm leading the charge in the household on the investment side.

Considering you currently have 0% household expenses, I believe this should actually be less risky if you currently live for free.