Is this a good move?

[Phillip G Alexander]

Hey BP, I'm going to be brief here.  I'm planning on purchasing a primary residence in Cleveland, OH between $85,000-$100,000.  I would then get a hard money loan, $10,000-$20,000, to rehab/update the home.  Can I then refinance, payback the hard money, take the leftovers to invest in a rental?  Should I buy my primary residence in my name or my llc?  Thanks for your time.

-Phil Alexander