You can go two different ways, if you want conforming mortgages, then put them in your personal name,,if you want to put them in an LLC, then use higher priced commercial loans.If you want to get the mortgage in your name, then put in an LLC,,thats fine, but the LLC will no longer give you the protection you think you have,,the financing is in your personal name,,,you on the hook.If your managing the property, involved in the rehab, or personally guarantee the financing, the LLC is no little to no value,,just get a large liability policy,,,,

At this point I prefer subject-to purchases that involve some cash because I get much better terms for the debt that I can get on my own with my conforming bullets used.

Honestly the best way around this is to work a 'regular' job and buy a rental,,,get some experience as a landlord under your belt and have a regular paycheck.Hard Money Lenders will want to make sure you have plenty of cash to handle the situation you described,, I buy and hold, and before I get a hard money loan they qualify me for the conforming loan to get out of the hard money

Secure the property with a quick (under 20 days) HML, get the property fixed and sold or rented and after seasoning, if rented, do a cash out refi and move into a conforming loan.

So I wanted to bring up a  Conforming product that does exist and could be useful.

That it's zoned R2 almost guarantees that it's within city limits.Like @Jay Hinrichs & @Chris Martin say, just go to the city planner and ask about whether it's possible and a second lot is conforming and how long the process takes.  

For decent credit scenarios, conforming loan amounts, and FTHB, FNMA HR is almost always a better deal than FHA.

I believe the down payment is 25% for properties 1-4 and 30% for 5-10 unless something has changed for conforming FNMA mortgages recently.

Looking to learn about sources outside of conforming / conventional loans. 2) Any great marketing platforms we should know about?

For starters, see this thread:  https://www.biggerpockets.com/...In terms of cost, the biggest issue is having to use commercial loans since legal entities aren't eligible for conforming residential loans.