I wrote the above for informational purposes.

I’m sure someone will tell you that you can transfer title of the house after closing, but what purpose would that serve?

Putting a long term tenant in a property here that you are BRRRRing won't cash flow unless you plan on leaving a good amount in the deal to do so, but that defeats the purpose of the BRRRR. 

Both groups are showing up with a clear purpose, need a good night's rest and want a safe place to live close to where they work/study. 

Hey @Tempest Byrd - I ironically went to high school with a Tempest Rouge, I love that name!

Hard Money or DSCR is the way you want to go.Shouldn't be an issue where you are as long as your intention is for investment purposes and have the capital to put down.

To summerize, a DSCR loan, aka lite doc or business purpose loan, uses the rents you receive on the property and divided by the new loan PITI to receive a ratio.

I only ask because the main purpose of an LLC is legal protection, and if you don't have a large amount of assets to protect, say less than $1M...you may be putting the cart before the house, and it may make more sense for you to focus more on finding and closing more deals.

That money is there for a different (long term) purpose... and if you are pulling it out to not return it you are going to pay a penalty, which isn't financially smart.Odds are you have a great rate on your current house if you bought it during cheaper times... so giving up a great interest rate doesn't make sense either on selling your house and renting.  

Hopefully this is useful for your purposes.