Buy and Hold with turn-keys sounds great but appearances can be deceiving and seems to require a lot of money to start in order to minimize risk.I'm thinking that doing an owner occupied small multi-family could be a great way to start out?

It is vague about what substantially change is but does indicate adding verbiage to allow certain family members to move in to a unit is not a substantial change (I recommend all LL add verbiage to their lease to protect this right).  

I will be using FHA to purchase this so minimal 3.5% down. 

If she feels threatened by this, it is a good indicator that her future ability to pay is limited.  

You have to be able to maintain minimal emotional involvement in the property, you must be able to view it as an asset on which you derive income.  

I agree that there is not enough equity in the house to do a cash out, but a lot of the literature and research I had done indicated that was the best course I just couldn't make the numbers work and didn't want to blindly follow a system that may not apply to my specific situation. 

Another indicator of how the Dallas/Fort Worth housing market is doing!  

The inspector charges a fee, so some folks pay for repairs out of pocket and then have one inspection to minimize costs.

The cost is minimal and as long as you run each LLC as separate from the rest and don't co mingle funds, you are protecting your 95 other properties from an accident that happened in one of the properties in the first LLC.  

It is very simple for me to say do this do that and I do not sugar coat that advice but you must be aware that implementation requires experience and skills that not every landlord has...For example when I advise evicting and the response is the cost is too high/give the tenant a chance that indicates a landlord without the experience to see long term.