I'm interested in Real Estate investing and have been saving money for a down payment.

Do I need to make payments to contractors, etc from accounts with the LLC name on them or can the accounts just have my first and last name (personal accounts)?

Just use the majorty for down payments and then some safe money.

I was looking on the product matrix for the Fannie Mae Homestyle loan and it says that they accept Community seconds for down payment.

A 5% rate when you have a 40% down payment using your equity makes the difference.

As such, payments that you make need to be prorated between business deductions and personal deductions.

You have to calculate based on a more than a few things like loan amount, down payment, taxes, Insurance, (Any HOA) PMI, based on credit, etc.If you are 1099 the Bank can look at the most recent 1099/Schedule C if you have been in business for 5 years or more with a 25% ownership in company or more. 

Primary - 4bed/2bath, 2200SF, 3car attached, 1/2acre lotMortgage = $330k, Payment = $2100 PITI, Value = $450-475kRental - 4bed/2bath, 1600SF, 2car detached, 1/2acre lotMortgage = $190k, Payment = $1600 PITI, Rent = $2100/mo, Value = $330-350k-Market rent is closer to $2500, but we kept the rent low to help the family that lives there.

I make $100k a year and only have one vehicle payment for total debt. 

We could do what we did before and just save up a down payment -- I'm sure we'll actually have enough before we're ever able to find a good deal again :) But we are wondering if it would still make more sense, if we're able, to use equity in our first one for the down payment.