I used a conventional loan and was planning on transferring the deed over to my LLC. 

House hacking is an excellent strategy, especially with the potential to use an FHA loan to secure a property with a low down payment. 

@Hank Bank BRRRR is probably want you want to do.Buy, Renovate, Rent, Refi, Repeat.Before you go all in and either find out you don't like being a landlord or you make costly mistakes, start with just the next one.You'll have some challenges with tapping the equity in the townhouse:1) What loan amount can you qualify with your credit & income?

They then missed out on several more years of growth because they got out of the game and waited on the sidelines for things to look better. 2010 to 2012 was the period that cash investors were the players or those with IRA keep in mind investor loans were still basically non existent in those years for all those expect very well to do Investors beginners were not getting investor loans. 

@Chinku Chinku how is paying the loan balance down going to help you reach your goals?

Proper underwriting - this includes an appraisal, loan app and full underwriting to comply with CFPB regulations.2.

Unlike refinancing, which involves taking out a new loan, recasting keeps your existing loan terms—including your interest rate and loan duration—intact.

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

Love to keep relator out of it, but may need realtor to find a next deal for me as a duplex up to 4 plex on VA loan/owner occupy.

Even 600k loan at 10% interest costs $165 a day.