Would this idea be possible?

[Jacob Claxton]

Hey all,

So I have been trying to figure out ways for my wife and I to benefit most from a house hack. The ultimate goal is to be able to live for free, then move out after a year, and keep the property. Here is my question:

Would it be possible, to start an LLC or partnership for realestate investing to obtain a hard money loan for an off market 4 unit. We would get a fix and flip (80% purchase price, 100% rehab) . Once the flip is complete, sell the 4 unit from the LLC to ourselves, and using it as a primary residence for at least one year. We would purchase with an FHA loan for the new ARV, since we would technically still be a first time homebuyer as individuals, thus only needing 3.5% down. This then allowing the LLC to receive 96.5% of the ARV, unlike if the LLC was to hold the property and cashout refi only getting 80% of ARV. This would enable the LLC to pay back the hard money lender, and have more physical cash left after the transaction to put into another property, rather than leave it in the property as equity? Not sure if this makes sense but thoughts would be great if it does! Thanks!