FHA vs Conventional with LLC involved

[Nicholas Cavato]

Looking for advice from you BP pros out there.

I will be purchasing either a single family residence or multi family residence home in the Cleveland, Ohio area no later than January 2025 and intended on purchasing using an FHA loan with an already formed Ohio LLC. I plan on doing a live in rehab, moving out of the residence after 1 year and doing a long term rental after moving out.

However, my lender told me I can not purchase a residence with an FHA loan under an LLC, which I now understand.

In general, is it more financially beneficial (cash on cash return) to purchase:

1. With an LLC using conventional loan

Or

2. As an individual with an FHA loan

I appreciate any additional guidance you all have for me.

Thanks!