This is hard for me to answer because things are done so differently from state to state depending on laws and traditions.

@Alex Deacon The idea is the same as traditional BRRR strategy where you buy 20-40% below market value that requires major rehab/some rehab/cosmetic only/or turnkey, and include those cost when the spouse purchase the LLC's property.

Sheriff sale, wholesaler, traditional broker, Craigslist, etc...4) What Dallas-area lenders might you recommend?

Purchase price: $340,000 Cash invested: $16,000 Traditional house hack.

I am not surprised a traditional lender would not be interested. 

Account Closed It's possible to fund 100% of a deal with private lenders and traditional financing.

I have also acquired them over the past 12 months and they are both traditionally mortgaged. 

The traditional means of valuing financial instruments (re, stocks, bonds, etc) have been abandoned and we have long been in a rigged game (for about 100 years but especially since 2008).

One might have to use a non traditional method, future redev, add rooms, vacation rental or half way house type deal to obtain.

In my opinion, I would avoid the FHA loan and get a traditional 30-yr fix loan at 5% down.