I am in multiple markets and see this as a societal trend.

There will be multiple issues unfolding at the same time as there are always something going on!

i would do fha and then go conventional to buy multiple properties.

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

I've done multiple BRRRRs myself and tend to find the best opportunities in C, C+, and B- neighborhoods where the inventory of distressed homes is still there. 

Multiple new accounts with almost 0 posts are saying they are good....RUN 

We see so many prospects who have been told by Youtube or mastermind gurus that multiple LLCs in three different states is beneficial when in reality the costs of upkeep hit the bottom line harder than any benefit.

So it serves multiple purposes and I would strongly encourage it

You mentioned there are multiple parcels, is this just a coincidence or historically are similar parcels available? 

I've already had to turn multiple people away after running their credit reports, so I can already see that it's not going to be financially feasible for me to be covering the fees myself.