If something goes sideways, I would be willing to bet 90% of these single owner LLCs formed for "asset protection" would be easily accused of piercing the corporate veil, and collapses the whole thing anyways.Depending on the state you are operating in, even if you use a Wyoming formed LLC, you will likely be required to register in the state you are operating in, which may require disclosure of that information you don't want to give up already - check to see what those states require for disclosures when registering a "foreign" LLC that is operating in the state.Literally no federal income tax benefits to where your LLC is registered. 

I'm in the position to apply(depending on lender DTI requirement) for conventional financing through the builder at <6% interest rate in this current market.

This, of course, would require the bank appraises 20% equity on top of what you paid. 

If the HOA required you to obtain their approval, did you hire an attorney? 

The DSCR product is a non-QM loan and will not be sold on the secondary market to Freddie or Fannie, so there are lenders that may will not require a seasoning period. 

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

I guess I’d like to learn more about investing in bigger commercial deals….. what are the requirements?

Markets like Clarksville, TN have much more favorable balances of cash flow and appreciation. 

Get permits if required.  

If you make this a balloon payment in say 5 years, you've helped your cashflow, and you can refinance to pay out the balance of the 2nd mtg.I do have to ask though - you seem quite emotionally invested at this point - what are average house prices in this neighbourhood?