Is looking into a start up small business loan a good idea?

[Darren Landerway]

Hello BP family,

So I was on here a couple weeks ago describing my current situation with trying to build my current portfolio. Shorter story short: 

-own property (used FHA loan, purchased 7 years ago, still not at % to refinance to pull equity)

-Serving in military still have VA benefits to use for another purchase( living in the DC market area now)

-Have savings but not enough to put down for most conventional type loans

So i say all that to say this, i started venturing into the realm of start up loans for small businesses. My research on this particular topic is very minimal so bare with me. After looking a bit for ways to finance my next deal this became an option. Here's my thought and welcome any education on the thought on whether there is a better way or if this way is complete crap! ( I prefer brutally honest, so don't hold back) 

My thoughts are to use the credit and or means that I currently have to try and buy a house at a good value (70-85% of value) under my name. 

-Start a small business(LLC), transfer the property into the business.

-Request a small business loan to do fixes whether large or small.

-Either flip home pay off the start u loan and save remainder, do this until i saved enough capitol to where i don't need the start up any longer.

-Or rent the property out at a decent return and pay off the loan slowly and generate passive income but also helps me get into another piece of property.

Ultimately Im looking to get into this business but I want to find what is considered the best way to maximize my efforts right now being in the position I am currently in.

Any suggestion comments thoughts will be greatly appreciated!

Thank you

~Darren