FHA + Short Term Rental + LLC possible?

[Luis Capriles]

Hi there, I am looking for my first House Hacking investment and planning to use an FHA loan, I am currently located in Chicago, IL.

Question 1: Can I apply for FHA under my name, live in one unit and then, rent the other units as a long-term to my LLC that will legally sublease as STR (AirBnB) ?

I know that I cannot get and FHA with an LLC.

The idea of the LLC is 1) Tax benefits 2) Protect myself from liabilities.

Question 2: Can I combine FHA + IHDA program? I am trying to minimize the down payment as much as possible.

Thanks for your help!

Luis