Hello,I recently transferred my traditional IRA into a SDIRA / checkbook LLC account and am working on closing on my 1st investment property.

The seller is open to seller financing, which presents an incredible opportunity to grow without traditional bank financing.

Honestly have never touched the traditional mortgage side of the bank. 

The first misconception is that you can declare a property headed onto the market only S8 eligible, refusing to consider traditional applicants.

I see some conservative areas here who would traditionally support private property rights coming down heavy against STRs.

-> Funding: you can consider as options mortage brokers who can scout/compare the best offers in the market and you can also consider public funding programmes that exists as an incentive to renovate and bring houses to the market, either for tourism or traditional rental.As an example, on the traditional rental there is a funding program ("Arrendamento Acessivel") that funds up to 90% of the project and can be used to cover part of the renovation costs, as well as, part of the purchasing.

You cannot have a traditional homeowners policy and a landlord policy on the same dwelling.

The challenge, as you’ve discovered, is that traditional HELOC lenders typically want the property titled in a personal name rather than an LLC.

Typically most DSCR lenders follow a traditional 5, 4, 3, 2, 1, PPP or a 3,2,1 PPP.

A couple of years back they even cancelled holiday lights traditionally displayed in a large local park.