AND you can know put as little as 5% down on a conventional loan, which is a better loan anyway if you can manage the extra 1.5% down, does NOT have this test for 2,3 or 4 unit buildings. 

It's since been resolved4) I had planned for 2% Closing Costs, but the Closing Costs are actually 5.3%, which is quite the chunk of change that I was not planning on.  5) I also had found out 3 days ago that this was a DSCR loan, not a conventional loan.  

They recommended we do the conventional loan, what are your thoughts on the process buying a multifamily with conventional loan and just start renting all the units out.

Remember, you can put as little as 5% down on a house, duplex, triplex, or fourplex with a conventional loan.If I were you, I'd speak with a lender about your financial situation to understand what your budget actually is, then look for an inexpensive duplex.

Bid personally, sell to my LLC and take a conventional loan and repay myself after 6 months?

They have utilized a number of financing approaches including: Minnesota Housing Finance Agency Tax Credits, Conventional, Grants through Duluth Economic Development Authority (DEDA), Duluth Housing & Redevelopment Authority (HRA) Assistance.Sharon Brown with Duluth's Life Safety office is a great resource as well when dealing with blighted properties.

Let's say you did buy a property off the MLS conventionally and did use a gator for the down payment.

Conventional lenders often allow down payments as low as 5%, especially for owner-occupied homes.

A while ago another CA investor said he felt like BP sounded like it was becoming like a sales convention.  

Is there a way to purchase a property as a business move with your LLC instead of doing it the conventional way?