The FHA could view this as a breach of your loan terms.Recommendation: To stay compliant, wait until January 19, 2025 (12 months from your closing date) before refinancing or transferring ownership.2.

If you have time to secure this loan through a bank, I would strongly consider it. 

Also the Voucher doesn't cover the security deposit which in most cases, I have to put my S8 tenants on a security deposit payment plan for those to get them qualified to move-in on my applications.

Overall, it is okay, but it still requires relinking the accounts periodically, which seems more security-related than anything else.

Their most common threat is a security deposit dispute.

Don't be surprised if the insurance company has the family provide the security deposit.

Also, what’s been your biggest challenge when it comes to securing the funds you need?

I'm absolutely not interested in leasing fast at all and I'm extremely picky about tenants and I do things like require a large security deposit (even for section 8 renters, I have three of them and love them), don't supply appliances, take my time doing background checks and arranging multiple calls/meetings with potential tenants. 

For simplicity, consider forming separate LLCs in each state for properties, using a revocable living trust for probate avoidance, and securing umbrella insurance.

You might be able to secure a loan with 20% down in some cases.