Pull the trigger.

No - FHA loans cannot be held in an LLC or it will trigger the "Due on sale" clause.

I would obviously like to not trigger a Due on Sale clause.

I know such sale would trigger transfer tax and stamp duty tax but I think the eventual capital gain tax down the road is probably more to offset. 

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

Increasing the rent that much will trigger vacancies. 

I've been tuning into the BiggerPockets podcast for a while, and I've finally decided to metaphorically pull the trigger on starting my journey in real estate.

Hey Tanner,Welcome in, its a good idea to build your team as you get started and then being ready to pull the trigger when the right deal comes along.Our firm helps to track down unconventional financing for clients through various hard money/DSCR lenders.

We are calculating the rebrand will be complete in 8-10 months and expect it to be the new standard in that area triggering more behind it, and go a long way to improving another sector in the community.

I suspect that unpaid late fees will also not be enough to trigger eviction but you will want to check.I have found that starting the process on the 5th day of the month for late rent is essential - they may pay late again but getting formal letters to pay or quit might straighten her out.