Many clients will find it hard to trust a younger person with this big of a decision. 

I currently use Wells Fargo and it’s a pain in the butt to keep going there in person and setting up a security deposit account.

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate) AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC/ LLC taxed as an S Corp, or an S Corp.

Also, would this loan help build my personal credit, or would it only report to business credit bureaus under my LLC?

This is the foundation of why LaPlante Real Estate is based in portfolio management and property management... my personal portfolio started in 2009 and I find the majority tends to be Section 8. 

Hi @Mary HollandDSCR loans are a great option for real estate investors since they focus on the property's income potential rather than personal income.

If you set the vision and then define the roles and responsibilities I think you can have an easier time finding the person you are looking for.

Since the original loan was apparently for a primary residence an LLC could never qualify because it isn't a person who would owner occupy the property. 2.

Be candid and do it in person.

For example, they won't need to cover your personal belongings (furniture, clothing, etc.) because you won't be living there.A landlord policy should cost about the same as a homeowner's policy; it just changes what is covered.