This way you could get an FHA loan and rent out the primary residence. 

If you're planning to buy a multifamily property as your primary residence and house hack, you'll almost certainly not want to own it in an LLC.As for setting up an LLC for property management (whether long-term or short-term), I’d recommend it primarily if you plan to scale your portfolio.

Doing this like a brrrr I see as the best bet, for example my property does still have room for improvement adding a bedroom and bath to the primary structure and then the ADU.

Traditional financing options can be slow and often require larger down payments, making it harder to jump on a good deal.2.

I was applying for a DSCR on my rental property (cash out refinance) and everything seemed ok, my FICO 680, DSCR 1.08, Appraisal $179K, LTV 65%.Unfortunately, the lender cannot close due to derogatory on record on my primary residence.

Again, a little more than linoleum, but last a lot longer, and depending on color choice, most scratches are hidden.But back to my original point, your tenants will be the primary driver of your success in real estate.  

The market keeps expanding out and what were tertiary markets are becoming pert of the primary market.

We get primary residence loans for <10% down, we have the power of creativity, and if we're planning smart - we also have the opportunity to ride the wave of interest rates because we're much less dependent on adjustable rate loans.• If you want to get involved in syndications or passive real estate investing but you don't have enough in liquid cash for the minimum investment, you can use your retirement accounts like a self-direct IRA to do so!

I had a super traditional W2 job and, BECAUSE OF BIGGERPOCKETS, made the transition from W2 -> into a non-traditional start-up prop-tech company (fired twice in one month)-> Then, I started our own tech-focused general contracting business serving new to intermediate real estate investors.I've more or less retired as a real estate investor (I still have about 50+ doors, but nearly every one of my deals went sideways for one reason or another), and NOW my ONE THING is working as a GC. 

Not all traditional lenders will refinance a hard money loan due to the perceived risk, but many specialty or non-QM (non-qualified mortgage) lenders may be willing to work with you.