However, the seller knowing my specialty, countered asking me for a proposal with more upside for the seller or to do a rental arbitrage.My initial offer was a 5% upfront cash payment, 15 year repayment plan at 4% interest and attempt to refinance within 7 years to repay the seller in full and secure more traditional financing.  

Did you ask your lawyer if they have a template that you can use for the initial offer to get things under contract? 

I sell the vehicle and pay off my initial seller and make 20k.

It basically means that if you used your initial entitlement amount, once a loan is paid off, you can request to have full entitlement back one time.

We got to the page that says:Due to the number of members in your LLC, you are considered a Multi-Member Limited Liability Company (LLC) as the type of structure applying for an EIN.Since you are a multi-member LLC, we must initially classify you as a partnership.

Or I initially made an exception and allowed pets as the building was vacant and I needed to get a renter ASAP. 

Your initial thought of house hacking, is a much better and thoughtful endeavor.Stephanie 

My initial concern was that I didn't want them to get double "penalized" on taxes.

Would love feedback on initial pro formaView report*This link comes directly from our calculators, based on information input by the member who posted.

So just take that into consideration when talking to lenders as well as when running your initial numbers to make sure that you account for a 6+ month holding period as opposed to 4 months or whatever it may be.