You can househack non-conventionally, but that's by renting the room out and the better way.

QuickBooks Setup:For flips, I’d use the following accounts:Flips in Progress (Inventory)FIP - Purchase PriceFIP - Buying/Closing CostsFIP - Rehab CostsFIP - Holding CostsFIP - Selling/Closing CostsReal Estate Cost of Goods Sold (COGS)COGS - Purchase PriceCOGS - Buying/Closing CostsCOGS - Rehab CostsCOGS - Holding CostsCOGS - Selling/Closing CostsAt year-end (e.g., Dec 31, 2023), move flip costs to inventory and back into COGS on Jan 1, 2024.

As I expressed on the phone and I have already spoken with Rick as well, I am confident that we have the inventory that meets your needs to build out your portfolio in a faster time frame.  

And then I’ve heard take a conventional loan and make sure you have a good umbrella policy.

I am always a big fan of sailing downwind, you can take that in the context of what the market offers at any given point in time, or geographically - meaning the type of inventory Sheboygan County offers.

They can be sold to owner occupants that get a conventional, fha or Va loan.

This is a market that the growth is obvious and there is cashflow because of the growth.let me know if I can help with some off market inventory suggestions.  

Im open to conventional financing or seller financing.To find properties, you can network with local agents and brokers, join local real estate investment groups, use online platforms like Zillow, Realtor.com, and Redfin, send direct mail campaigns, drive for dollars, network with property managers, and explore seller financing.Good luck!

Regardless if it is a private money or conventional deal.

Also, I don't know if it would be worth it from a liability perspective either, but would advise to chat with an insurance pro/legal pro.When purchasing a primary residence, conventional loan guidelines will require you to take down the property in your personal name.When it comes to taxes, you'll likely be able to take the standard deduction AND itemize Interest, Taxes, Insurance, Depreciation, and expenses prorated based off the rented portion of the property when reporting the 1040 along with W2 income.