This simple conversation changed my future.

Many require that you keep funds separate from personal funds.

I had belatedly realized that FHA goes off personal credit and therefore I couldn't use the LLC for it.

I will make that proposal to the person I am talking and see where it goes.

I'm now finally here in person, and have started to go view places in person with the intent of purchasing. 

@Denis Orlov I don't do STR, but I've rented one of my personal properties for arbitrage before. 

Hard to say one way or another without knowing your personal finances, goals etc., but it seems like a good deal. 

Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.

Quote from @Michael Challenger: I have no qualms with hard money lending, but I need to learn more about the process and structure to these for typical deals so that I am more comfortable and in a position to reduce my personal risk and risk to investors as much as possible.

I heard that if you move the personal mortgages to an LLC they could get called and we would want to avoid that3.