You know how many months you could afford to go without any income from a property. 

I’m being asked to provide 12 months of cancelled checks in addition to a lease to prove that I’m renting.

Generally only one FHA loan at a time but you usually can utilize a new FHA loan for a new primary after twelve months of occupancy in the current residence. 

Any recs on companies that help form LLC formation, business structure and estate planning services?

The first house is coming up on a year and the second has only been about 6 months though.

The houses that sold paid off the side note in 8 months or so. 

Ideally, you want a plan that pays off your Heloc within 12 months imo.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

After analyzing the deal further, estimating holding costs, realtor fees, monthly costs on hard money, estimating the worst case scenario of it taking three months to sell (average time here is 43 days), rehab costs, insurance, etc., I am pretty sure we need to pull out. 

By putting 10% down I probably will be less than breaking even every month ((like an extra $800-900 per month at very low/conservative rent prices)  with the building fully tenanted (as is condition not counting value add with renovations).