Trouble is that I don't yet have long-term employment in place (just moved to the area a month ago).

You could structure it like that, or structure it to pay the interest and principle of the loan each month too.Of course, your cash flow has to really work for this to not get you in trouble.

Many Multi-family properties now in debt service trouble as the GPs took out very risky 2-3 yr floating rate or adjustable loans so they could cash flow after buying very expensive 3Cap apartments, which loans have gone from 1.5% to 5% or higher, and knowing that obvious and predictable risk since every primate could see mega-inflation coming in early 2021 due to more money printed in 2 yrs than first 200 yrs of country, They "smartly" took out Rate Cap insurance, (cost 50k for a 12 month policy on 10mil loan to cap variable insurance rise about 1-1.5% above the origination level) but now that US 10yr up 10x from 0.31 in 3/2020 to 4.2%, that same insurance policy is 1.5-2.0 million not 50K, so They can't cover the much higher debt service nor buy new cap insurance without shutting down distributions or capital calls.

I would only do it if the amount were worth the trouble and I had strong documentation to prove my case.

I’ve never been any trouble.

@James Carlson I doubt most people are following those occupancy limits and they are probably only enforced when people are causing trouble. 

However, with a 30-year term, your mortgage payment obligations are smaller, but you have the option to pay more toward the principal if you choose.If you’re having trouble penciling things out, it could be because you’re using an atypical debt structure.

If I set it up this way, then the monthly distribution would go to the Wyoming LLC's business account first before going to my personal account, which is fine but another layer of trouble.

Know the law before you get yourself into trouble.

We were having trouble getting anyone to get back to us, so we used some sort of matchmaking service that was recommended to us by our lender, which is how we got referred to Bildwise.