Also Application fees?

I dont have personal experience with either, but I have tried to protect myself from both.My application has a spot on it where they are required to list an emergency contact person who can assist in their move-out if they become deceased, hospitalized (long-term), or incarcerated.  

Would anybody be able to tell me the requirements for obtaining an FHA or Conventional mortgage whilst on a visa?

You get your own account.It has a $100 application fee and $150 a year for unlicensed assistant

I'm running an ad on Indeed and have gotten several quality applicants. 

By buying the home in his LLC and not in his personal name then the balloon payment issue relative to owner occupants would not be applicable. 

I have approved for leasing of my single family home two joint applicants.

Oregon has a very easy LLC forming process, my question is, if I form an LLC to begin the application process to acquire a loan, will my personal taxes be negatively affected this year?

This option shall not be exercised by lender if such exercise is prohibited by applicable law."

Not sure what you're referring to here, every asset has a defined depreciation schedule, no creativity needed or applicable. non-depreciable repairs are something else.