Depending on how many you anticipate buying and how quickly may provide insight into whether or not you want the added hassle of finding loans with an LLC.

(That's fraud)It also involves stripping equity from property owners who are either ignorant of the true value or in such a desperate situation that they'll take a bad deal just to get out of it. 

@Kevin ChubetKevin does this STR tax strategy also applies if you acquired the property as a second home / vacation home using the 10% down loan?

Just looking for constructive feedback....Carlos Hey Carlos, This answer will depend on your long term goals and current situation.

I'm planning to pursue a conventional loan with 10% down payment.

The best option is to proceed with a cash-out refinance utilizing a DSCR loan. you can grab up to 75%LTV all by using the current tenant's lease agreements to cover the debt service requirement.

I don't need it to get a building loan because I'm building with cash.

My main goal is to understand what types of loan products are available, and we are now more open to analyzing out of state purchases.We are eager to make our first purchase within the next 3-6 months.

Find loans like FHA or standard ones.

There are also several hard money lenders as well as lenders that specialize in DSCR or Non QM loan products too.