You can not terminate a lease without legal justification.

An LLC is considered a separate person legally. 

Here's how the process works as I understand it:1) You list your property2) Tenant expresses interest     a) you do your background check - if approved:3) Tenant gives you their S-8 RTA form     a) You fill out your portion and return it to S-84) They determine if your rent is within their market guidelines     a) If it is not, then they say "hey,  your rent is too high for our program, we'll only allow $635/mo, not $650" (as an example)     b) It's up to you at that time to determine if you will accept the lower amount or not.

Just mostly ignore any discussions about tax and legal.

I understand that some changes were made to FHA guidelines around December 4th 2018 but DU validation services have yet to update to those changes.

There are several legal ways to do this.

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I need them to understand real estate, legal structuring, cost segregation, depreciation, etc.

It's not in legal jargon though.

Have you formed legal entities yet?