@Lara Taylor a HELOC on your current residence WOULD work - you can spend HELOC money any way that you please - that's what makes it so flexible.

They often hold their mortgages in house, don't have to conform to F/F rules, and therefore have a lot more flexibility. 

If you're bankable and you want to go that route, with more underwriting scrutiny, less flexibility, usually longer time frame, then go to a local bank or credit union. 

Disqualified parties are lineal family, business partners and fiduciaries to the plan.His IRA will be the lender, fund the note, and receive the payments of principal and interest from you.So long as the note complies with and is enforceable under state law, the terms can be pretty flexible when it comes to factors such as points, amortization schedule, P&I vs interest only with balloon, etc.

They will be much more flexible and open to lending on a property that does not have rental history and they often don't have to look at your personal income.

I saw the price had a huge reduction and knew they were likely very flexible on the pricing How did you finance this deal?

It's much more flexible than a 1031 exchange.

This bothers me the least as a loan officer I see other benefits in the loan flexibilities offered by these loans and so I feel there is value in this area even with the extra costs.There are other less significant costs that I find for an LLC. 

Otherwise you can try local community banks as they are generally more flexible.

I'm flexible (no wife, dogs, kids) and would move out of my single family home to rent out the whole thing and move to a multi3.