I'm looking at small multi-family for house hacking but have the following issues with risk and financing.1. conventional lenders require 10+% down on multi-family2. buying the property in my name (to get cheaper financing) and then transferring to LLC (to mitigate landlording risk) isn't possible from the lenders I've talked to (due on sale clauses can be triggered)3.

Conventional lenders?

Hi all, I'm not sure where to find up-to-date info on this specific situation so I figured I'd ask.We would like to buy rental property in Ohio with a conventional loan @ 20% down.

I need to compare the profitability as well as tax ramifications for two options I’m grappling with. we currently own a home in which the tenant is in a lease w/ an option to purchase -but the contract is coming to an end soon and she does not have the ability to purchase the home/get a conventional loan yet- but desires to work toward that.

Yes, you can take out a conventional mortgage if you're qualified to do so and put a little less down and then just have to come up with closing costs, smaller downpayment, and the repairs.Hard money loans work IF you get the property for a lot less.

Hit RE hard for 5 years, work hard at your jobs to get a house per year with your FHA loan as well as saving the money in fixing up houses yourself, finding other houses to get with conventional financing, and THEN have kids? 

Sorry if this is painfully obvious to toehrs - I'm just starting out - but are loans generated by cash out refinancing typically at much lower rates than the initial conventional or commercial loans through which rental properties are typically purchased? 

I expect to get conventional financing on the back end, since each is on its own parcel.

Since you didn't mention it, I'd also recommend you do a criminal background check with a signed (real or digitally) application that gives you permission to do so.

You cannot convent an investment property into a primary residence.