This is a great place to learn and to connect with people so take advantage of all the great resources.

Not to mention trying to free up income from W2.)

And some lenders will let you pay the interest by drawing down on the loan.

A healthy dose of skepticism is good, but usually they want you to have the best experience possible.

@Gio KattanWho had you create this crazy long winded setup in the first place of entity after entity?

I also wouldn't be opposed to using a 203k loan to finance and renovate a multifamily to house hack and rent out (I know it's a lot more work and harder to achieve but I think the potential could definitely make it worth while, especially with the up coming changes going into effect soon). 

My current plan is to take my time in finding a deal that either offers great concessions  or that can be negotiated down in order to make up for a possible price drop in the future.

My family and I have been renters our entire lives, so I'm excited and grateful to be the first in my family to embark on the path of home ownership.

Many bad renters will offer to pay extra up front as a means of avoiding your screening or skipping to the front of the line ahead of more-qualified applicants.

I'ts time to make the leap!