I bet you can still get one for around 5% down and you'll automatically drop PMI when you hit 20% equity, unlike FHA where you keep it for the life of the loan.

Is there any hope of lifting the automatic stay?

If you want more than $30,000 in construction costs, from what I've heard it's definitely possible but you need to be prepared to explain what these costs are for (mainly explain that your costs are for value add).The cons are that the FHA loans have a higher interest rate than normal loans and sometime do not have the automatic drop of PMI as other lenders do (as Chris mentioned). 

(with the more common 30yr amortisation, the interest would be $200k, so real cost of $550k, but lower PITI of ca $1,600 it would break even / slightly cashflow positive)The seller offers it for $435k at 20% down, with 0% and 17yrs - essentially charging the interest upfront or a 100% pre-payment penalty, and with a PTI payment (no I, yey..) of ca $2,000/month it would be breaking even at best.This should automatically disqualify the deal in most investors eyes (including mine) right? 

Such as: if tenants are on month-to-month leases, or if they were on a 1yr lease and the current owner didn't resign them into a new one and they're automatically converted into month-to-month, many states only require a one month notice to vacate.

I also have 25% of my paycheck automatically deposited into my money market account so I live off an even smaller portion of my paycheck.

I'm pretty sure they turn off automatically. 

If you go and apply for a card somewhere else or purchase something on-time from another company (they didn't recommend) these companies pick up the information from the reporting bureau's and then these companies will automatically LOWER YOUR SCORES!

I’ve done a lot of research and I am seeking my first multi-family house hack to get my feet wet.I am also in need of a local investor friendly real estate agent that can set me up with automatic MLS alerts.If anyone has any insight into the multi-family market here, I would greatly appreciate any advice!

They will automatically set you up with liability coverage.