Getting into legalities can be costly, time consuming, and incredibly annoying.

Hello,I have a preapproval for 3% down payment conventional loan, as I own no property.Haven't found a house I like, I wanna be patient looking for my to live-in house, but I still wanna get a rental property where income covers all costs while looking for my own house.My question is, can I get a normal 20% down conventional loan for the rental, and then later I get a conventional 3% down loan for my house?

Normally a DPA program  help buyers who may not have funds for a downpayment and closing cost.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Your accountant will need to merge the two reports together at the end of the year for taxes, thus you should check how they want it input, so that it takes them less time and thus costs you less money.

No matter what you do, you cannot replace the value of boots on the ground so the next best thing(in our experience) is spend some time down there, interview some potential handymen etc. and forge a relationship, we have multiple that we have connected with in person and when you make a personal connection with them they will take care of your property better, especially in an emergency situation.

Specifically the tenant needs to be costing you more than the vacancy is going to cost you. 

They insert a sock and I believe use an epoxy product to create a liner inside the old cast iron pipe significantly extending its life for much less cost.

You absolutely should cost seg.

I've found a potential tenant with a kid who wants to rent out the house during the school year.