Just remember to notify your lender and the title company and disclose to the lender who will be the members and guarantors before the loan is underwritten.In most cases, form the LLC in the state in which you live or the property is located.

I have access to the VA loan.

Although I was hoping it would cause her to move out, she stayed and later told me that it finally aired out.

I would suggest that you also consider seeking out homes with assumable loans! 

Fannie Mae also doesn’t have a “funding fee” that is attached to it like FHA loans.

Do you think we'll finally see a decline?

You may be able to go up to 80-85% financing if the rent schedule can support the loan.  

For mortgage originators, real estate professionals and investors, the 4.65%-4.45% drop in the 2-Year Treasury should result in banks lowering Jumbo & Super Jumbo Mortgage interest rates next week Conforming and Government loan products are also seeing improved pricing.

He typically achieves good return on his efforts but I do not believe I ever saw/heard his final numbers of this effort.  

The only problem I feel I may run into with a three family is that my debt to income ratio my not be high enough for an FHA loan on a three family property.