Also, as mentioned above LLC’s are only eligible for commercial loans which are generally more expensive and worse terms than conforming conventional loans.Holding properties, when they are smaller single or multi family residential properties, is usually handled with insurance.

@Sammie Baker - if you're using conventional financing (FNMA/FHLMC) you are required to have a 6mo seasoning period between acquisition date (deed) and the new note date (closing). 

But you're paying 5% instead of 3.5% or so from a conventional lender.

I used a low money down conventional mortgage.

Live in it for a year, term and rate refi to a conventional loan then house hack va again.

Can my mom use money from a 1031 exchange and I use money from a conventional mortgage loan to buy a house together?

@Suzanne Reilley and @Mitch Foster for self employed borrowers, if you're interested in a non conventional income analysis there are several options.

My experience is once my DTI ratio got too high I had to go the hard money route because I wouldn’t qualify for conventional financing, so I opened up a LLC to get financing through a Hard money Lender.

So the downfall of a construction loan is that I have to get everything finished by a contractor to be able to refinance into a conventional loan.

Also, is conventional financing not available on this property?