It is an intentional disregard of the other neighbors safety and well-being.

What I am saying is to not disregard FHA because your lender is telling you to and is convincing you that your offer won't get accepted because of it. 

This is minimized in controlled climate spaces, but should never be disregarded and the manufactures specs should be followed to preserve warranty.

When the owner of a disregarded SMLLC, Sole, or partnership (each partner is a parent of the child) is the parent of an employee-child, the wages will be exempt from FICA taxes if the child is under 18 and exempt from FUTA tax if the child is under 21.Employing the owner's child in the owner's closely held business can be an effective tool to reduce the overall family tax burden.

Through conversations with local attorneys as well as professionals / investors on Bigger Pockets we've decided on having the TIC owned by 2 separate single member disregarded entity LLC's with a joint venture agreement dictating the arrangement between the 2 LLC's.

I disregard student loans and medical debt.

Your concern about buying a property at much lower than the surrounding comps is a baseless fear.When doing a desk appraisal (or any appraisal really) or any type of market valuation, the professionals throw out price anomalies as something to be disregarded.  

Since its a disregarded entity, your tax return looks exactly the same. 

@Becky HaagUsually for STR you would use a Corp as it is an active business.However to gain the passive income tax advantages, your properties will be owned by disregarded LLCs that will in turn sign a master yearly lease with your Corp that will operate them.https://m.youtube.com/watch?

Disregarding all financing flaws or anything else you will never come out ahead renting a $300,000 plus property for $2100 a month.