If you use an FHA loan as an individual, you’ll benefit from a low down payment (3.5%) and more lenient qualification requirements, but you won’t have liability protection, and the loan will stay in your name when it becomes a rental.Using a conventional loan through an LLC offers liability protection and scalability for future investments but requires a larger down payment (15-25%) and often comes with higher interest rates.If maximizing cash-on-cash return is your goal, FHA might be the better starting point.

Alternatively, transferring the property to a revocable trust provides income for your parents, avoids probate, and keeps you as a beneficiary, but it doesn’t allow for a 1031 exchange and could trigger gift tax.Focus on aligning the structure with your goals, whether for immediate reinvestment or estate planning, and ensure compliance with Connecticut laws.This post does not create a CPA-Client relationship.

It depends on your goals but I and many of my friends and clients started with house hacking and then used the equity to buy out of state.

I think what you're doing with your plan for your future is very smart and hope to contribute to your goals.

What's your goal in this world?

Goal is to refinance (hopefully rates are down in a year), and rinse and repeat.

Quote from @Albert Johnson: I recommend you slow down and think this through.What is your goal?

Best of luck with your move and new investment goals!

To start, set investment goals, analyze properties, focus on emerging neighborhoods and budget wisely.

Choosing the best first property depends on the timeline, learning opportunities, financial comfort, and property appreciation and market demand.Good luck!