c) Am I no longer qualified for the FHA (assuming I never lived in my rental)? 

Revolving lines, etc. that can replace an appliance or unexpected initial cost once renters get in can go a long way in reducing your personal risk and can help you quickly build your business' credit as an asset that will help you to buy additional properties at lower rates. 

They didn't have tons of people visiting like the place was a revolving door.

Since my divorce in 2009 (and her side forced a BK), I've had to live with Debit cards and honestly, it is refreshing to not have to worry about paying down any 'revolving' credit - which, since the 80's?

Show the living room painted in a rainbow of colors with a large sombrero and two crossed black-powder revolvers hanging over the fireplace?

ie, Our past projects, Project X, came in at $X million, Project Y, came in at $Y million, Project Z cam in at $XYZ million. etc...The GP side must have some depth of experience even if you are new at it (???)

Would focus on the following:Zoning, special/conditional use variance process, planned zoning, Engineering- building, traffic, soil compaction, water flow, Permitting, fire suppression, fire hydrants, storm pounds, storm sewers, ADA,     Governmental- soil erosion, floodplain, wetlands,Leasing, NNN, CAM,     Valuation approaches.  

Due diligence would consist of lease review and confirmation of CAM and other expenses, which these would be the only deal breakers. 

I have a revolving personal line of credit as well in case of emergency.  

The landlords leasing to students are the ones that usually go with month-to-month, while the owner-occupieds tend to go with the longer lease term because they don't want a revolving door of roommates.