We are based in Milwaukee WI and have tenants from Milwaukee County and the City of Milwaukee and it's pretty much hurry up and wait. 

Hi, thanks all for your advice.I was feeling bad to directly go for an eviction without a notice, but based on your comment and the fact that is not a charity.

In high-cost markets like Chicago, that can be tough to meet.If you're looking at a duplex, the self-sufficiency test doesn’t apply, so you’d just need to qualify based on your personal income and the rental income your lender allows.If your current lender isn’t familiar with making FHA work in your situation, it might be worth getting a second opinion from someone experienced with FHA multi-unit financing.

Across the remaining portfolio, I have a really good amount of equity which I can tap into based on opportunities but need to finish cleaning up my personal debt prior to going that route to get best rates etc.

The rent prices I was basing off of rent estimates I found on the web, so I'm not sure if that is a factor, but I can reassess.

Another good thing about that is that you can do a cost segregation study based on the percentage of the house that is being rented to your house mates.

Ymmv based on your locale and who you are talking to at the time.

I like a navy, darker blue, charcoal or Teal but it really depends a lot on lighting, natural light and how big the kitchen is.   

Real estate is so localized that most federal based policy changes don't have massive influence.I can see him (semi-)privatizing Freddie/Fannie.

Then make your decision based on information.