The time and energy and money and resources you use to buy a BRRRR primary home you can find 2 properties to buy.I would suggest exploring...at least EXPLORE it first...buying a primary home with a normal loan, ask about "first time home buyer" programs, and if you do find a good property then BRRRR that one separately.  

You will get some sort of "normal" loan, for the sake of argument 20% down.

There are programs that will lend around 70-75% of the purchase price + any documented repairs but it can be a bit of a gamble if the purchase price + documented repairs will come back at the ARV. 

Your policy normally will only cover property you own. not property that belongs to someone else. 

And after we sold, it's still climbing.its a testament that those who dont believe in appreciation or think its gambling are missing the boat.. great wealth is generated through appreciation  

In short, commercial, can get loan in LLC, but you may have to sign a personal guarantee and residential normally in your own name.

I'd say normally you see restrictions within condo buildings rather than SFH developments with HOAs, but it's always good to check for sure.

If it > 5 units they normally use income. 

You may want to hire someone to consult with to make sure you are doing everything correctly.The issues that I normally catch are people not properly allocating expenses to business and personal.For example, mortgage interest will likely be split between personal(part where you live) and business(area where tenant live).Furthermore, I often see people deducting the full mortgage payment when only the payment to mortgage interest / real estate taxes are deductible.best of luck!

It is like gambling.