I was pre-approved for a conventional mortgage with a 3 % down payment 2.75 Interest Rate.

Analyze cash flow, potential vacancy rates, and maintenance costs before making a decision.Secure FinancingTake advantage of owner-occupied loans such as FHA, VA, or conventional loans, which often have lower down payment requirements.

Just wanted to add the MidAtlantic Summit convention @Dave Van Horn and his team hosted last year was top notch with the next one planned for October 2019. 

3% Conventional Loan at 6.25% What was the outcome?

There is an annual NARPM convention that's pretty good.

We have one rental property now in our home state (Colorado).... and our purchase in Ohio will be with a conventional loan.So it's sounding like we will do this purchase without an LLC formation... it doesn't make sense right now.As we build a portfolio, it may make more sense to do so, but it's sounding like -- from advice here -- it may not be necessary (or be of much use tax-wise).Thank you!

Conventional financing.

Once stabilized, you can refinance out of the hard money loan into something more conventional.

This way you're able to utilize conventional loans, each of you are allowed 10 of those.

If I am in your shoes I would buy 2-4 units, get a conventional loan, ask the sellers to pay for the max contribution (3%) towards closing costs.