First, you take the hours required by your state and then the in-class test and then the real state test.

We also accept section 8, so most if not all of each month’s rent is guaranteed with the voucher holders.

Unless you are getting a bank loan and are willing to accept higher interest rates and balloon payoffs, buying within an LLC is not a clear-cut decision.An LLC can be created very quickly and should costs under $1K, but you need to know there will be costs and time to maintain that LLC every year.  

Just say something like "people with evictions on their record would not be accepted."

Self Sufficiency test is the important item for 3-4 unit FHA homes. 

My extensive real estate experience consists of 1 flip.I have an idea and I'd like to test the waters here in the forums.

However, there is a nice marketing aspect to "only pay for what you use" because if there are heavy utility users in a building, it essentially gets subsidized by all residents over time.I'm lining up some meters for testing and will report back on any findings.

I have started soil tests on 12 lots costing me a total of $5340 for the permits.

I typically am not accepting far future bookings.

If you pay more, you won't meet your metrics and will probably have negative cashflow and/or equity.You may have to make 10, 20 or even 100 offers to get one accepted at the price that meets your numbers.