@Dan Gamache I’m looking to get a conventional loan with 20% down and then BRRRR the property.

This is so I can refinance after a few months and qualify for a conventional loan. 

I've tried to go the route of owner financing but he'd rather just pay the capital gains tax and take the remaining profit to pay off all of his debt so I'd have to go the way of a conventional loan.  

I was so motivated to get my first house hack, and 2nd 4-unit property (1st one was 25% down conventional)I'm just disappointed that all the podcasts i've listened to, i've never heard them mention this self sufficiency rule... completely changes my plan, and reduces the income I was hoping for dramatically.

For a conventional loan 20-30% down would be required. 

@John Jackson The "bonus" of house hacking is using an FHA loan and only needing 3.5% down instead of Conventional 15%-25%.

I would like to refinance my interest only loan to a conventional loan in the name of my LLC but I’m hearing that can’t be done unless it’s in my personal name.

One lender told me that the banks are completely jammed up right now with conventional purchase loans and have little appetite for jumbo cash-out refis. 

Conventional Loan How did you add value to the deal?

Foreclosures are great in my opinion, but you need the cash to typically buy them outright or get a conventional loan if they are liveable.