I believe the investor may need a commercial loan at that point or could do 3 separate loans since they are on different parcels.

That being said, I had to translate a lot of documents on my own for the loan process, so there was more effort involved.

(DCSR loan?)

Also add if you are getting any type of loan on the properties a Wyoming LLC will not make you anonymous as you will need to sign the mortgage in your name: 

I'd need the interest rate to be roughly 5% to breakeven on an interest-only loan, and was considering a balloon payment in 5-7 years.

Through a hard money lender, but I will take out a DSCR loan in March to refinance.

Sometimes you will get a seller who comes back and declares they want off of the loan, or a nasty letter from an attorney saying that you ripped off their client, or a letter from the State Attorney General that you get to visit them in their office.

Thanks for your help.The advantages of house hacking/ buying a primary first over an investment property are that your down payment can be much lower (3-5% instead of 20-30%), and your interest rate will be much better with an owner-occ loan also (usually at least 1% less than investment loan).

for this property Ill be doing a conventional loan. 

Hey @Cameron MarroPersonal Loan or Line of Credit: If you have decent credit, a personal loan or line of credit could give you access to the cash you need for renovations without using your property as collateral.