I too have never heard of a requirement that a closet needs to be present to be called a bedroom, it is too funny.

Also since it's a 4-unit it would need to meet the sustainability requirement. 

@Cyndi Lees the thing that catches my eye in your post is that it would require quite a bit of work to get it started as a rental.

The LLC, amazingly, will remember who owns what. ]What are my Federal, State and Local filing requirements?

It is my understanding that in Pennsylvania an escrow account is required for tenant security deposits.

It may be worth letting them know about the prequalification requirements (credit score over xxx, salary above xx,ooo/year, etc.) in advance to weed people out.

Have you confirmed with BDS that parking will not be required? 

So people argue a) whether it is actually required and b) what are the consequences if you do not file. 

I've done a lot of research into this and believe this is for me, but am getting some roadblocks when it comes to funding requirements and my buy box not aligning.

@Austin Tessyes, you can get a loan to do a flip, but flipping still requires your own cash - it's typically impossible for a brand new investor to borrow an amount that covers all of the costs of a flip.