I understand that I cannot take more money out than my Purchase Price for the property with Delayed Financing and I am okay with that.My concern is that under the DF rule, if cash used for the purchase of Property A came from a HELOC or Refi, then any money that I receive from the Delayed Financing needs to go towards paying down my Cash Out Refinance on Property A. 

I think looking at properties that have been on the market for awhile especially can yield opportunities since people will assume something is majorly wrong with the property and ignore it - I know I had those concerns like what am I missing here?

I'm concerned that because both tenants are long term they would be difficult to remove and I'd have to go through the eviction process. 

I agree completely with what @Lien Vuong said, for a small investment of 3-5k you could be in a much better position as far as debt to income is concerned.

I was more concerned if there was any restrictions on Air Bnbs near schools or parks ?

Problems like trespassing, conflict, and unwelcome visitors are common to any multifamily unit. And the trouble spots where these occur generally remain consistent across locations.An industry expert on how you can be...

Don't know how your getting Interest only for 3 years on a going concern. 

If you're concerned about repairs, don't be.

How do I to ease the concern of the investor that the property will be purchased under my single member LLC. 

The 1st one will be like a proof of concept if you will so I’m not too concerned on hitting it big just want to have a lower risk experience.