If you start, you might want to go with SFH before doing big multi res project! 

They will typically button him up immediately.I would give the tenant two options: permit entry and showings with at least 24 hours notice, or allow them to terminate and vacate without penalty.

I'd let the funds season in my account and then use those funds as a cash down payment for commercial loans and conventional multi-families properties.

We give the customer 3 options on permits , pay us our hourly rate , get the permit themselves , or pay a permit service .  

Supply paint, pizza and beer and you should save about 4 grand but results may vary.Another option is just to paint the areas that look the worst and attempt to match existing paint colors--this is usually what I do if anything at all.

Would you suggest hiring a company like Healthtrust to do the feasibility research for us or is there a less expensive option?

I hosted attorney panels in local REI clubs, and there never was any consensus.In our great state of Texas, your best option could be a Series LLC: one LLC that has individual compartments for each property.

You'll have the option to refinance later when rates decrease, if necessary.

I am exploring Carbondale IL for multi family Investment and lookin for some feedback. 

Are the LLC's multi-member LLC's - If they are, they would be required to filed a separate partnership tax return.Your profile mentions that you are a real estate agent, you may want to see if you are eligible to claim real estate professional status.