Only do turnkey if you have your OWN well qualified inspector who can point out any hacks or deferred maintenance issues.Many turnkey providors are notorious for this.

Qualifying for REPS then hinges on two questions:1.

If applicants can't qualify on their own, I don't rent to them.

The experience of the housing provider is going to be the real challenge to getting you a set of keys to move in with...they have to qualify, pass inspection, sign a bunch of paperwork, and finally lease up and send everything into LMH. 

HI Stephen,You can always open HELOC or line of credit from your primary house or non primary house, assuming you have sufficient equity and income to qualify.

To reduce your tax bill, consider qualifying for Real Estate Professional Status (REPS) by spending 750+ hours on real estate activities, which reclassifies losses as non-passive.

If you make enough money to qualify without counting any rents, no worries. 

Hi Michael, As others have stated you do not need an LLC to qualify for a residential mortgage.

We used to do all the qualifying as agents, push the loan officers who didn't want to work to get the job done, give comps to the appraisers etc. etc.

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.