Details about using conventional loans for REI

[Michael Ryan]

Happy Labor Day BP!

I am hoping for a little clarification about using conventional loans for REI. First, I understand that the rules are a moving target for this topic, but am hoping for some feedback from those with experience.

When purchasing using a conventional loan are you moving it into an LLC? If so, after how long would you recommend doing so? Is there any way to do it that is kosher with a due on sale clause, or has anybody been able to do away with this clause?

Has anybody run into difficulties when attempting to purchase a new home for their family (not an investment) due to maxing out conventional loans or because it has thrown off your debt to income ratio? (Wife would not be happy if we can’t move our personal residence bc of our investment properties)

I ask these questions because I would like to consider using conventional financing to start our REI journey, but don't want to be at legal risk without an LLC on a property or risk our ability to move our personal residence.

Any insight or experience with this topic would be greatly appreciated. Thanks!