The implication in my case was that I wasn't able to secure traditional financing (getting a mortgage from a bank) because in the event if the property burns down and needs to be reconstructed, it can't be legally built as a triplex anymore. 

I have pivoted my investment strategy from traditional investments to thoughts and dreams of real estate rentals.

One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

Still open to the idea, but trying to come up with additional creative options to finance my first home.Numbers aside, the idea would be to purchase a multi-family property using my own funds/FHA loan, receive private funding for the rehab, create instant equity in the property with the rehab, and re-finance after 12 months into a traditional mortgage and pay back the private lender plus interest.

There are two ways people do seller financed deals.Title transfers to buyer immediately and seller records a mortgage on the property in the same way a traditional bank would.

-I work a traditional 40hr/week job-I am excited to gain any/all experience in real estate.

@Michelle Verdugo heck no. please don’t do that. i was an agent for a short time. it is kind of like traditional school. meaning, for example, what was the last time you use pythagorean’s theorem?

If someone was referring to a traditional C corp, that is a terrible way to own property. 

You will definitely need a source of income to get a loan (from a traditional mortgage lender), and that income can in fact be from a job. 

In San Francisco, a "traditional" suburban driveways are rare and are often times confused with the sidewalk portion in front of the building.