It often ruins the relationship.

Recently had a conversation with an MLO who had their license with Company A (NMLS regulated) and then on the side, this person conducted commercial-only business loan-related activity by starting their own LLC (company B) in the states where no mortgage licenses are required.

Personal use - if you or your family used the property for personal purposes, you will need this to factored in. 

Also helping was a relationship with that bank (deposit accounts) and good credit. 

While BRRRR works for scaling, explore turnkey rentals or creative financing in cash flow-heavy markets to accelerate growth.This post does not create a CPA-Client relationship.

Hi Bruce, i'll start by saying i'm a mortgage person, so please understand the context in which my response is coming from. you'd need to create CC&Rs/bylaws and establish an HOA in order to do this.

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

There are multiple potential strategies it's just really going to depend on your personal situation. 

Many require that you keep funds separate from personal funds.

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