And I am talking about owner occ conventional loans not commerical or PML or HML for those those of us that do it and take the associated risks we earn every penny LOL

If you get the conventional mortgage and it records as a first lien that’s simple every day deal.

For pros, he challenges conventional wisdom and explodes sacred cows by exposing hidden conflicts of interests and mis-alignments that many in the industry won’t admit to.

Financing is with a conventional loan also only under my name.I was told if I was filing jointly, the limit to where I can write-off expenses and depreciation is somewhere around $170k, but because I am filing as single, I am greatly limited.She recommended a partnership LLC where I will own the property 100% within the LLC, but I need a partner to own at least 1% of the LLC. 

A Quad is still better due to the fact that you have 4 leases and 4 rents coming in and still can get a conventional loan. 

Or are you purely looking to go the conventional route only? 

You must be talking about doing an FHA loan every so often.You don't need to use just FHA you can this with conventional owner occupancy loans as well.

Its a centennial house Back Unit is smaller with Bedrooms up stairs, the living room walls are wooden with open kitchen!

Hi Jill, when it comes to LLCs, you'll typically run into issues using conventional loans as they won't lend on LLCs and want the investment in your personal name.

Once my DTI got too high to get conventional loans, I found a great lender who finds creative ways to get me approved for conventional loans.