If your question is if it is legal to do it, or if it conforms to all the regulations, the answer is maybe not.

@Ryan Faheybottom line:  legal entities are NOT eligible for conforming residential loans. 

We'll underwrite the loan to FNMA standards (conforming).

Example using made up numbers:4.125%: -1.3454%: -.6433.875%: 0.0343.75%: 0.433And there are a bunch of rates higher and lower than that too, I just used four.Then you have FNMA's LLPAs, which stay the same day-to-day.Let's say it's a 20% down good FICO conforming scenario on a SFR.

I just plugged a high-FICO 97% LTV conforming scenario in, and on this particular evening it spit out 2.25%.So that would be [ 3% down + 2.25% PMI single upfront payment = ~5.5% ] out of pocket and no monthly PMI or bumped interest rate!

Of course there are other variables like cost and procedure for site plan or use approvals in that area that I can't predict, but assuming it's a conforming use and approvals are easy enough, just construction costs for the tenant type I can throw out a ballpark for you.

Most are "fill in the blank" put out by the state real estate commissions to conform with the property code.

Check out fact check for a summary of what Americans taught and believed in 2003, including senior Democratic leadership.http://www.factcheck.org/iraq_what_did_congress_know_and_when.html[i]In 2004 the Senate Intelligence Committee said, in a report adopted unanimously by both Republican and Democratic members: Senate Intelligence Committee: The Committee did not find any evidence that intelligence analysts changed their judgments as a result of political pressure, altered or produced intelligence products to conform with Administration policy, or that anyone even attempted to coerce, influence or pressure analysts to do so.

This is all fine and good, but yet a compromise that I have made to fit the role that I have agreed to play.One of the biggest parts of why I have chosen this path is so that I can live the way that I chose to live, and to not conform to other people's standards.

Remember that legal entities such as a LLC are not eligible for conforming residential loans.