LLC impact on personal tax

[Sven D.]

Good morning,

I'm looking at using a hardmoney lender on purchasing a home that I will use as a primary residence while I rent out the remaining rooms. Eventually I will sell the home. This hardmoney lender only loans to LLC's. Oregon has a very easy LLC forming process, my question is, if I form an LLC to begin the application process to acquire a loan, will my personal taxes be negatively affected this year? Or become overly complicated? The LLC will not be showing profits because I'm using it to acquire a property that I would hold for a minimum of 6 months. Any insight would be helpful.

Thank you.