After that point they could discuss whether an LLC would afford the protections they are looking for.

As I am trying to raise capital quickly in order to be able to afford my first mortgage and house in which I would then try to house hack. 

The short sale process can be a very educational and frustrating experience so keep that in mind.

@James Freeman I'm not sure what neighborhood you live in, but a lot of the neighborhoods around the Austin area encourage them as a way to try to maintain some type of affordable housing.

They live in the apartment until they can afford to build a bigger house.  

We will try to call again tomorrow, it's frustrating because we have both tried calling the servicer multiple times for months and cannot get anybody to speak with us.

But still, I understand that it is frustrating to be paying so much in the insurance while you are young and healthy, but it all boils down to the risk management. 

And that Carson's first act upon taking the reigns of HUD was to cancel the previous plan to make FHA loans more affordable for the working class by reducing the monthly mortgage insurance bill, meaning some % of people are still tenants today because they couldn't become homeowners? 

In addition, most of that housing stock has been build as affordable housing in mostly 2 and 1 bedroom configurations.

I have a corporate 9-5 job that allows me to save money, but doesn't afford me too much free time.