Situation I’m in the process of buying a property for rental (buy and hold). It’s a HUD home and only currently opened to offers from owner occupants.My private lender will only finance if I am buying with my LLC as ...

The reasoning supposedly is that FHA is meant to help people attain the home ownership dream, not become an investment vehicle, so for them someone going from a 4 plex to a duplex means they are closer to the end goal of single family ownership.

B) Generally, same as above, but if you don't meet active rental requirement ( at least 10% ownership).

.#2 (about 11 days from closing):  I get a call from my agent stating the the seller just received notice that the tenant in unit 4 (who was month to month at that point) just gave their 30 day notice and they would be gone 15 days into me taking ownership of the property.#3 (AT THE CLOSING TABLE!)

Rental arbitrage has too much risk and not enough control over the property when compared to ownership. 

Has anyone also had  this happen during your ownership of a park?

i did some research and it looks like the uber rich already employ this strategy.Would I need to form a LLC and transfer ownership?

But here's a suggestion to answer your question:Focus on finding good deals for an experienced investor and then "sell" your deal in exchange for getting equity (or ownership) in the properties you find.By doing this, you do it with NO MONEY coming out of your pocket.You then rinse and repeat - until you have $50K cash or more in your bank account.

.- either way you’re done with having the day to day hassles of ownership, that’s on me now.- one way you still get paid monthly, one way you don’t.

@Ryan Hendershot my suggestion is to NOT give ANY ownership of your property away to anyone.