No matter if you form an LLC or not, you get to deduct the same expenses no matter if you itemize or not (interest, mortgage insurance premiums, other costs). 

Ideally we'd like to put 20-25% down with the LLC holding title and the mortgage.

I am, like other, attempting to do a seller financing, but need my private mortgages originated by an originator/mortgage broker.

I would say consider a FHA 203k mortgage as well, so you have the opportunity to buy a distressed property and rehab it to a rentable state with money that isn't coming out of your pocket.

So if they owe $99k on a mortgage and owe $1k in taxes, then I can buy this property all day because I know the ARV will be around $175k.

I have recently closed a deal on a 4-bedroom ( 4 en-suite bedrooms) house in King City, Ontario (This is my primary residence) and I am interested in reducing some of mortgage payments through short-term rental. 

Let's say that I want to get a mortgage credit certificate (MCC) on a home that I am going to live in. 

So I got the mortgage under my own name.Now I spent sometime reading some articles and think I really should separate rental property income transaction from my personal transaction.My questions are:1. is it ok If I form up a LLC just to receive rental payment using the LLC bank account and pay property management company?

I have purchased a rental property and instead of buying it cash I decided to finance as it needs work.I would like to split the lot and I am working through that but I have never done this with a property that has a mortgage attached. 

I took out a Heloc on my home to finance the purchase (traditional mortgage) and rehab costs of my first BRRR.