This family of three finds that they never hear back from the larger rental agencies even after paying for an application.

What is stopping you from simply getting a mortgage and doing it the safest way to protect you and any issues that might arise. 

Purchase price: $225,000 Cash invested: $20,000 Single Family Rental Property What made you interested in investing in this type of deal?

How can I help you?  

We haven't decided if we want to keep this or sell it.

I would assume asking proof of income on something like this is not unusual to request in a sale.

@Olivier ChaineIn all trust deed or mortgage documents written by instructional lenders that I’ve come across, a change in ownership/manager structure of an LLC holding title to a property is a violation of the “due on sale” clause, so from a purely covenant violation sense purchasing the LLC doesn’t help you.  

I know one of the main qualifiers is it has to be owner occupied - which is fine.Will there be any issues with this second purchase being in the same town as my first MF home?

I’m concerned this could come back to bite me so to speak.

I just want to make sure that this is actually allowed before I go down this path.