That's the predicament of using conventional financing.

In my experience, you are thinking through this correctly.I've heard lawyers say, if the loan is in your name (which it has to be for conventional) and the deed is in the LLC, you aren't treating the business as an independent entity and in a severe lawsuit, the corporate veil is pierced and the LLC can be thrown out.I agree that one of the best defenses is to run your properties well. 

Quote from @Kevin Prasad: Hi all, I’m looking to negotiate a deal thats a mix of seller financing and conventional lending.

If you don't want to move into the property, I'd say a conventional investment loan or a DSCR loan are your two best options.

If its a conventional conforming loan then I believe they should be reporting your payments.

The only reason conventional will not allow it at all is if you do not have a current housing expense. 

If you can go conventional, go that route first.

House hacking is an excellent strategy, and just got a lot easier as conventional loans now allow 2-4 units with only a 5% down payment.

If you are going to get a conventional loan, you must buy the property in your name.

Due to your payment history it’s going to be tough to refi out into something more conventional or a DSCR.Hard money is your best bet but that’ll cost you.If your selling, drop the price and you’ll bring in more demand.