So by going this route we'd have to pay approx $150 more each month on our mortgage, but we'd be cutting out the wasteful PMI and have $25K in the bank to put towards an investment.

It does appear on my bank statements.

It does appear on my bank statements.

They are not cross collateralized, but I am securing the loans and hence responsible to pay back the loans should the LLC fail to pay.

If you can qualify for a $70,000 property, for example, then you know what price property to look for.And, once you're able to qualify, most banks will loan for multiple properties over time.

Yes I agree with you they are a big broker but what gave me a little caution was the stated programs as those programs were regulated and many banks lost their shirts doing stated programs and im not to sure they woukd get burt agsin, yet I see them on the product sheet..

I was pre approved for a mortgage about month ago and the bank quoted 4.625% on a 30 yr fixed.

You can bank on that.

But you should be able to find a local bank, or other investor would would be willing to finance a stable property with equity at lower than HML but more than traditional rates. 

I still have cash in the bank, but not enough to dish out another $30K in more downpayments & closing costs without going house poor.