You successfully screened out 5 bad tenants in one day (not sure about the 6th).

You can take it up another level and if you end up in a place where you have a modestly sized 2BR you can find a roommate and have them pay half the market rent for the unit and split the utilities and then you could be in the living free/making a small profit area there.

Verify that the reference list is estimated close to the size and type of your portfolio. 

My building has substantial upside on the rents and the lot size is substantially larger.

That's somewhere between 1% and 1.5% depending on the overall project size.

The problem will be that if she only qualifies for a 2 bedroom unit based on her family size, then the most the Housing Authority will pay is whatever Fair Market Rent is for a 2 bedroom. 

We asked him to confirm the size of the house.

Don't listen to the negative thoughts in your head about your age, experience, shoe size, eye color, etc.....Just Do It!

They can sit down with you and explain the legal benefits between different types of organizational structures; LLCs, Corporations, Professional Liability Corporations, special Statutory Corporations available in your state, limited liability partnerships, general partnerships, etc.There is no one size fits all, and an LLC may not even be in your best interest.

One last thing... to all the fellow investors as well as real estate agents out here...What are some of the key questions you would ask when screening a real estate agent to make sure they are someone you would desire to work with for the long-term?