With a Conventional Loan you can buy a SFH, Duplex, Triplex or Quadplex with as little as 5% Down if it is your primary residence as long as you have the intention of occupying one of the units for 1 year after closing escrow.This is the strategy I have personally implemented and have assisted many of my investor clients in doing the same. 20% Down is also beneficial as it keeps your payment low but it does limit your ability of buying more real estate faster.i would be more than happy to discuss the different strategies with you over the phone or in person.

I tried to create rapport with the owner over the phone but waited to present my real agenda only in person.   

I have a situation where a person I know is moving out of the country and would be looking to put their home for sale in the summer.

I personally think being a landlord in Chicago is easy and I have never had an eviction. 

If there is a due on sale clause in the loan doc then it doesn’t matter what the loan officer told you verbally.I’m not an attorney, but from my understanding of the loan is still in your name personally a good litigator can pierce the veil and your LLC protection wouldn’t amount to much.

Have you calculated what your (monthly nut) is you need to survive business wise and personally?

The interest rate on a HELOC or Heloan may be better than the personal loan. 

No personal income or tax returns are required.

Balance data with personal priorities.

Not talking about you personally.