@Alan LeMayAre there utilities at the lots?

A couple of alternatives:  get a HELOC on your own residence and using it for all or some of the entire process, or obtain a 203(k) renovation mortgage which will not utilize the LLC.

However factor in utilities because if it is in fact "raw land" you have to think about things like sewer, water, electricity, and gas. 

My concern is with a low downpayment and high monthly cost $3844 (PITI, HOA, PMI, utilities), this would limit my ability to ever rent out to a family if they don't allow individual leases with multiple roomates.

Utilizing leverage and "double dipping" sounds great.

Common requirements are that there home has to have functioning roof and walls, utilities, toilets, etc.  

If you leave faster than that, you will still have to pay for the full 14 days of rent and utilities;If you choose to depart early, I will not charge any termination fees;After you are out and return the keys, I will conduct a move-out inspection and handle your security deposit in accordance with State law.Landlord"

As property manager, you will pay the utility bills and keep the the property in shape.

Would you say a multi family house is worth more when all utilities are separated between the units (tenants pay utilities) compared to being not separated and landlord charges more for rent to cover utilities.

Make sure you consider all the extra expenses that str properties have:third party software, supplies, county taxes and business licenses, utilities, internet, etc.and run the numbers to estimate what your cash flow will be in the high season and low season.