The key is the "licensed" though.In your case, you would probably just need to get a real estate license in my opinion.To get the license, you have to take a class.

However, when having discussions with them and their disregard for anyone that has been with them for a period of time, I was completely turned-off by their attitude.After I decided that we needed to look, I quickly noticed a couple of key differences:  accounting, modern interface and mobility. 

The key requirements for FHA is that its is only for owner occupied purchase AND you can only have one FHA loan at any given time (with some exceptions).

So I'm going to attempt Cash for Keys with a mobile notary service present.

One, and this is the absolute key to financial success, is spend less than you make. 

The key is to make sure you add "and/or assigns" after your name on your offer letter, and make sure that there is language in your P&S to allow you the right to assign your contract into an LLC or other entity before closing. 3) Should we even create the entity before purchasing, or do we purchase the property ourselves and transfer something (title, idk) into the entity?

Welcome on board! 

Has keyed our car, assualted our landscapers, and there used to be a meth lab upstairs.The neighborhood is mostly gentrified.

Once they have developed & processed the Loan Qualification Package, they send the package to the Texas Veterans Land Board, asking for approval & Funding of the Loan.

But that might be part of the issue.If there aren't technical reasons to keep the wood shake roofs, you might have to work with the other owners to vote out the current board and replace them with people willing to change the rules.