We live just outside of city limits and therefore Coconino county. 

I don't understand if I count since I'm living in the property or if it's only the tenants that count towards the limit of individuals that are unrelated living together.

Some of the larger companies will take them, but they often charge a fee.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Is there a limited number of licenses? 

Quote from @Simon Walker: Quote from @Andrew Syrios: Could you "split the difference" so to speak and go back to work for yourself but limit the number of clients you take on so you only need to work 20 or so hours a week?

Control and Flexibility: With an SDIRA, you're not limited to stocks, bonds, or mutual funds.

I don't think you should pay a premium for the furniture but that's just me. 

But an LLC might not be the best for you.

So, you are not at limiting your self when buying a new property.