We’ll do the traditional FHA so we get in with a low amount down and then live there for the required year and then buy and move into our next Duplex.My wife and parents will be the ones on the mortgage for this first property as I just started a new position this week.

You will have to most likely go to a non-traditional lender (think credit unions, local banks or even some hard money lenders provide long term financing). 

@Joe Lambert,Is your buyer seeking traditional financing to purchase the property?

One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

Recent 3/4br single family homes sell for 330K with potential rent in the $1900-2300 range for traditional long term rental, and even more for short term rentals that I might consider in the future.

I'm from RI and its legal to use medicinally, but as a landlord, I would personally prohibit everything that pertains to marijuana besides the consumption and possession if the tenant possessed a legitimate medical marijuana card and was within the legal possession limit. 

Life has changed and so does tradition.

For a lot of my projects I like to have a longer term loan paid back monthly with interest, just like a more traditional mortgage, but higher interest to make it work for my lenders. 

Traditional mortgage.

We'll do the traditional FHA so we get in with a low amount down and then live there for the required year while fixing it up and then buy and move into our next Duplex.My wife and parents will be the ones on the mortgage for this first property as I just started a new position this week.