The structure will depend on the down payment, quality of borrower, terms of note, your cash out of the note sale needs, and other factors. 

I thought it prudent to run some questions by the plethora of savvy investors in this community.I plan to begin now the process of finding a multi family property to house hack.

If you want to be mentored your best bet is to go work for a company - most CRE is not a single individual and CRE is fast moving and things happen fast and you can't structure a "follow me to learn" without working for someone 

I am in the process of shopping for an insurance company for a rental property here in VA.

In that case, would the renting process be a bridge to help you retain the home for future personal use? 

Today, companies with many structures use the word turnkey to describe their services. 

Always good to see how each sponsor is structuring their deals as well. 

Id like to put a HELOC on it or redelop it after a few years, the whole points of purchase is this is a booming downtown area lot of development rights etc, dont want to be in a financial structure that banks will frown upon. 

Is there another way I can structure the deal?

While adding compliance costs (filings, payroll), this structure is beneficial, especially for larger portfolios.This post does not create a CPA-Client relationship.