Owning the property in an LLC and living in it as your primary residence would negate the value of the LLC.

Most borrowers I speak to are just assuming that rates will drop off the table in a few months.

It’s best to channel energy towards the future and not dwell on negative things. 

I've been teetering around the idea of house hacking once I am done with college, but a big issue I have come across when speaking to a mortgage broker is the fact that I need to prove 2x of the mortgage in monthly income.

Quote from @Phillip Austin: There are two alternatives to a security deposit, which I speak about in my book.

Quote from @James McPherson: Would you have time to speak with me?

There is other words used for this; consolidation, lateral moves etc etc but they all speak to the same thing.

The one I am speaking with currently has not offered up any sort of contract so I am taking the lead on preparing something.  

Speaking to that question, it seems that you have already keyed in on the fact that one of you should be moving towards that.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.