Since you are using the property and renting, you'd want to look into a second home or vacation rental loan programs.

FHA and VA are government agencies and will have access to all of the applicants personal and financial information.

Buying with a NON-QM program is the best way to go about it nowadays, as 1: it won’t report to credit reports, 2: quicker closings 3: it won’t ding your DTI .

Should let them know 300% makes them eligible for LOOP program. 

@Benjamin Hazlett will need to use a different program.

This criteria is for 1-4 and 5-8 unit programs.

However, the LLC will not be liable for VA loan mortgage payments.Also remember, any given loan provider DOESN'T CARE about your asset protection, the loan provider only cares about protecting its interest on the payments due.Essentially, a refinance will allow ownership and loan program conversions.Loan transfer restrictions on VA loans do exist, so tread lightly. 

I'd talk to a Qualified Intermediary before you make a plan.It looks like the government may pass 100% Bonus Depreciation. 

Hi BiggerPockets Community,My name is I am finishing my MBA program next May, but I have become extremely invested in learning everything i can on Real Estate. 

We have several tenants that use it, but we are not enrolled in their program.