If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

The FHA househack strategy is fairly common and pretty straight forward, a lot of people have been using this and/or the conventional househack (myself included) so have been on both sides of the table. 

If you are just starting, I would think on a leveraged purchase, $200 a month in todays market, that is assuming the home is fully renovated and capex items are fairly new.

He's a major hard money lender in town and has a fairly simple process to get quick funding.

As long as you treat things with a level of fairness it will work out. 

How do I not make this fair yet not complicated?

Yes, the market here right now has been really tough, and trying to sell your properties to other investors with section 8 tenants will likely be fairly problematic at this current time.

It was fairly easy to setup and to add properties using the first guide as a template for subsequent guides.  

Also one can protest their property taxes fairly easily.

Fair enough?