Transferring the conventional mortgage to the LLC afterward will, in many cases, trigger the due on sale clause which will cause you to go get the commercial mortgage anyways.The DSCR loan could be an option.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

I am a member of RETA, haven’t pulled the trigger yet because the idea of paying and waiting two or three years for delivery on speculation keeps scaring me away

I do have an agent that is helping me on the side to find deal but for a person like me; completely fresh of boat, I have no idea what to look for and extremely nervous to pull that trigger. 

Skip the rent so you are ready to pull the trigger when you find a good one!

Could you trigger a due on sale clause? 

It's always a good idea to visit a city before you pull the trigger to purchase your first property.

Transferring your property with an FHA loan on it will trigger the due on sale clause.So, you should speak with an experienced real estate attorney.Of course, many will post here that they've done it and were never caught.

If you are in OC (not Santa Ana), you probably don't have to worry about rent control unless the law changes at a later date.3) Check your lease agreement for wording about rent increases and comply with the terms.4) Make sure Newsom hasn't declared a state of emergency...which often trigger rent freezes.5) Once you confirmed that your condo is exempt and no local protections apply, send a rent increase notice for any amount.

I am torn on which investment I should pull the trigger on!