Plus you can't typically get conventional financing because they want to finance to a person, not an entity.

I know conventional lending could become an issue depending on the condition of the property.

In addition to conventional loans and FHA loans, if either you or your wife are veterans, the VA also has a rehab program.I'd be happy to discuss my rehab experience both as an investor and as a mortgage broker, and at least help you think through your options. 

Quote from @Zongfu Li: An agent named Mathew Dial contacted me for loan opportunity and told me how flexible and how easy they can provide bridge loan lending and conventional lender.

There are conventional strategies and unconventional strategies to get started in real estate. 

You will not be able to get a Conventional (Fannie/Freddie) loan with the LLC holding title.

And how do I roll this into a cheaper mortgage (my dti would be too bad for another conventional).Maybe a lender would be able to consider the electric "working" with the proper inspection?

I'm not an loan officer, but I know some banks locally like ORNL Credit Union have offered a 0% down conventional loan product.

Consider looking into FHA or conventional loans with lower down payments to maximize your cash.

I’ve had to widen my search radius to smaller suburbs or target properties needing light cosmetic work to make the numbers work.Value-add opportunities: Adding amenities tenants love, like finished basements or upgraded kitchens, seems to justify rent premiums in this market.Navigating the competition:Be creative with financing: Seller financing or partnering with other investors has been helpful to secure deals when conventional offers didn’t cut it.Work with local agents and wholesalers: They often have their finger on the pulse of off-market opportunities, which is critical in a hot market.For those new to suburban Chicago investing, I’d say the key is finding the “sweet spot” neighborhoods—ones on the rise but not yet maxed out in price.