He must, as we all do, maximize the return on his time and that’s where the misalignment of financial interest kicks in. 

I've been living with my parents and I am planning on getting an FHA Loan to purchase my first home.

What I have heard is the following:1) Banks willing to extend loans with the existing owner, hoping they can hold on until NOI goes up or interest rates come down2) Banks knowing a property is coming back so reaching out to a local broker to find a buyer with a pocket listing. 

I understand when you sign an FHA loan you must state something on the lines that the house will not be registered under an LLC.

Resi guys aren't the best (usually) at financial analysis so you prob wouldn't learn that much about investment and more importantly, investors.If you want to do investment only, call a few comm places for apartments (I'm guessing) since that's all they do and you want to learn.

So, I want to buy this house with a conventional loan as a primary home to house hacking and take advantage of the separate meters and all of that.

@Damion Brown Why not just use a bank originated construction loan that converts to a permanent loan?

Have we forgotten the 2008 global financial crisis that wouldn't happen in foreign countries where properties are bought with cash and the risk of foreclosures is 0? 

the arv is best to get an opinion of a realtor and then an appraiser in the loan process 

There are exceptions of course but we usually want to work with smaller, local loan officers and brokers are usually the best option - usually.