Can you just purchase it traditionally with a bank loan or perhaps a private loan to get a higher LTV?

Forming a Traditional LLC is fairly straightforward, but with any entity, particularly the lesser-known Series LLC, you want your documents drafted and filed correctly.

I have a hard time seeing a traditional lender granting a mortgage to the partner but title to the LLC.

Is there a non traditional method?

It is typically then sold in the traditional market to a Buyer who plans on living in the property.

I went the more traditional route the first time around.

REO listing agents do not typically get paid as much as a traditional listing.

After looking at some info on cash out refinancing, I am now considering this as it would be a strong rental in a great area.My situation:This would be my 3rd  buy and hold...1 rental, 1 rv storage yard and this property.I have used a heloc for the 20% on each property but now if I hold this one traditionally my cash would not be enough to do another deal.I have flipped 1 house earlier this year with the intention of doing a few more to draw the heloc down to nothing by end of next year.If I do a cash out on this one I may not be able to pull all of my initial 20%/rehab out, but would be covering the notes/expenses and cash flowing some each month with a long term asset.

We won't be able to get traditional mortgages because we both have personal mortgages and student loan debt. 

There are normally 3-4 threads on this subject running at all times here on BP.Those that extol the virtues of raising private money will be shouting from the rooftops that (a) they told us so and (b) now is the time to be raising PM, because the traditional bank debt avenues are going to dry up for a spell.