Then, you refi into a conventional loan and skip the MI/upmf stuff. 

They decided today to switch from conventional loan to FHA.

If you are looking to do 1 unit investment property with Conventional/Fannie/Freddie the down payment is 15% and if you want to do a 2-4 unit the down payment is 25%.Another option for you is to get a 2-4 unit Owner occupied FHA loan for 3.5% down.

Now if you can buy from the beginning with your LLC that would be better but I would suggest exhausting your conventional loan spots first.

You can also go conventional then refi

Don't expect Conventional rates though.  

Switch over to conventional and put 15% down or be able to have the renters out within 60-90 days after you close.

Conventional loan with 20% down can avoid the occupancy ratio.

In the long run you wont really be thinking of the few hundred lost here or there, you're building equity and can refi into a conventional product soon enough!

I'm open to using a conventional loan during the refinance stage.