Legally Protecting Myself as an Owner-Occupant in MF Home with FHA Loan

[Lindsay Wilcox]

I'm under contract to buy my first home AND my first investment property! I'm going to be living in one unit of a triplex in Indianapolis' Fountain Square neighborhood, and I'm using an FHA loan to do it, pretty much exactly as described here http://www.biggerpockets.com/renewsblog/2012/11/08/fha-loan-multi-family-investment-strategy/ only my purchase price is only $50k and rent is $500 per side. Midwest for the win!

My question is how I can legally protect myself in this situation. I'm pretty sure an LLC can't take out an FHA loan, right? Because how can a corporation live in a house? But I don't want to just run blind either.

So what do I do? Thanks so much!!