Here are some guidelines that might help making the work place safer for female agents (my company actually just introduced them after the tragic event in Arkansas):1.

My experience is that the carrier with whom the agent wrote the policy has certain underwriting guidelines that may not allow for the LLC to be the sole named insured.

Nope, not in the secondary, 1 year on a late, 2 on mods and 3 on bankruptcy is the general guideline. :)

I would like to direct two question to those who are knowledgable about FHA guidelines or those investors who have done something similar in the past.

It's a bit of a gamble, though - both because your predictions have to be very close to reality, and because you never know what the market will do by the time you try to re-lease/sell.

I need to set some guidelines for what I will invest in.

This sounds like a loser as a rental (read up on the 50% guideline which states that half of your gross rent will be consumed by expenses and vacancies over time.)

Interest rates on investment properties are higher than interest rates on primary residences since the risk is greater to the lender.You can use the equity if you tap into the equity through a cash out refinance as a down payment with certain qualification guidelines being applied.

I kind of used it as a guideline for my first purchase.

The requirement to take title in an LLC will not remove the requirement to meet residential guidelines if you are living in the property.