Registration fees $800+ SOI $50 fees California and legal stuff-keeping it simple-easier to refinance a SFR if decide to just BRR and cash out refi in my personal name versus trying to get loan in LLC name. 

Pretty common, you can definitely use commission as down payment conventional loans and not have it count toward IPC as long as you're on the loan. 

Hey Patrick, This would be a DSCR loan.

Many Realtors will suggest purchasing a property using a FHA Loan, to reduce your out of pocket money.

Most agency loans will expressly forbid such an arrangement, so if they found out, the odds of having the loan called would be very high. 

Also add if you are getting any type of loan on the properties a Wyoming LLC will not make you anonymous as you will need to sign the mortgage in your name: 

Commercial Loan How did you add value to the deal?

Louis for the hard money loan.

@Kwanza P.Leveraged means using a loan (leverage) to buy the asset. 

I'm looking to use a Fannie Mae Renovation Loan.