It's also worked pretty well if doing STR since you can just qualify with AirDNA projected income, even if you have no STR experience.  

If you are still working there, you can ask the plan administrator if you qualify for an in-service transfer.  

You Keep The Deposit And If You Want To Do A Buy Out Which Usually Is A Months Rents Or More That Will Give You Some Time To Find Another Qualified Tenant.

The experience of the housing provider is going to be the real challenge to getting you a set of keys to move in with...they have to qualify, pass inspection, sign a bunch of paperwork, and finally lease up and send everything into LMH. 

This year is the first year I will qualify as a real estate professional and be able to take some aggressive deductions through things like cost segregation studies.

If it will qualify for conventional, you would be just below the 75% LTV threshold.

Fix it properly, then rent it out to a highly qualified applicant. 

The most qualified applicant in my opinion is a family of three, whose credit and background checks are clear. 

HI Stephen,You can always open HELOC or line of credit from your primary house or non primary house, assuming you have sufficient equity and income to qualify.

Hi Michael, As others have stated you do not need an LLC to qualify for a residential mortgage.