On a side note, 1st liens are much easier to raise money for instead of 2nd liens.  

It will be owner occupied for a minimum of a year and i currently own my own condo which i will rent out so the multifamily will be my primary home.FactsPrice range for the property is 300K - 500KMonthly payment for all properties i have explored with agent is 925-1230 (all the analysis factored in projected rental income and maintenance and most of them were already rented which gave us the rent needed for underwriting)Current cash saved for downpayment = 45KIncome = 80K (45% is 3000/month)Condo PITI+HOA = 720  (currently FHA)(market rental for similar units in my area is 1000-1200)Total monthly debt + Condo = 2000 (approximately 250 is credit card debt at 0% that can be paid off if needed but have been saving the cash for DP)As you can see i will not have enough for a 20% down conventional and cannot go FHA because my current place is FHA financing (the refinancing process would take too long to switch to conventional).

I'm now opening different credit cards in each of those llc's building a credit report for each. 

Soft pulls are things like getting pre-approved for a credit card, checking your credit score with a credit monitoring service, and businesses you already have a credit account with checking up on you.

If the deal goes through, i plan to surprise the helpful agent with $100 & my business card.

anyways, my questions to BP; is this a good way of raising capital? 

People often hold their cards to their chest.  

Raise the rent. make it work a few more years and the debt will be done.

My wife was raised just up the road from you in Hazelcrest in the mid '60's.

Even if he has to show the seller your offer by law, he will advise the seller not to consider it without proper POF.Additionally, when POF is a given in transactions nowadays, not providing any POF raises so many red flags, the seller would literally be stupid to execute the contract.I think @Annie Bliss gave you the best advice so far if you really have a great deal.