As a guarantor and not a borrower or co-borrower the purchaser using an entity (like an LLC) to acquire real estate is not reported on a credit bureau (or rather should not be reported on a credit bureau). 

that is curious my only thought is the UPB is actually higher given default rates etc.. or the theory for folks is simply loan to own.equity is so high you take on the risk of low return for the chance to own the asset through DIL  as we know if there is a lot of equity more than likely someone will bid it at courthouse steps and you wont acquire it anyway.we have bought notes for the sole purpose to own the asset mostly properties that could be developed that most note investor simply looking at the notes and zillow etc would not know the HBU of the asset..

Right now my main goal is to acquire a property to be a rehab rental with in the first half of 2022( On Market Or Off Market).

I'd suggest putting all your efforts into acquiring the property as quickly as possible and worry less about entity structure until it's really necessary.Entity structures (LLC, Incorp, etc.) are asset protection not a tax strategy just fyi.

I am very familiar with the process for acquiring and analyzing an existing structure but have no experience building something from the ground up. 

These clients now have a total of 5-units they have acquired through the house hacking strategy within a couple years.

There are better ways to acquire your first property.

This is much more stringent with FHA and VA loans with the property appraisal and condition report, they will require the deficiency to be remediated prior to closing.  

Contact information for existing/previous property management company.Purchase Agreement Clauses for Buying Tenant-Occupied RentalIf you’re considering buying a tenant occupied rental property, there are some documents you want to acquire for review prior to the closing.

Under a co-tenancy clause, a tenant may have the ability to exercise specific remedies if the property’s occupancy drops below a certain percentage or if an anchor tenant is no longer operating at the center.