All that to say, PMLs are usually more concerned with the value of the property and will lend at a lower LTV regardless of ATR (ability to repay) because they know they can take the house for 65 or 70% of the value if you default in a worst case scenario.Hope this helps!

If you can get one which cash flows it would be worth it.

@James McGovern - Rob Hahn wrote about how illegal immigration is one of the biggest causes of housing affordability (look him up and you can find the article online). 

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The property cash flows well and has enough equity.There are more than 1 lender who can do 2nd liens compare quotes.

Double check with the VA if you can assume a VA loan without a COE.

HUD reported FMR's have been above market rate rents and folks have definitely been trying to push the limits with how high they can get them. 

Can I use a 1031 exchange to sell property in "my name", put the funds with a QI who then purchases new property in the name of an LLC I form with someone else?

Hey William...can you expand on your #3? 

The first question is of course, can you get a loan with less than 20% down - but I'll assume you can given that you're exploring both options.I recently read Real Estate by the Numbers by J Scott & Dave Meyer (shameless plug it's available through the BP bookstore here) and in chapter 36 they discuss exactly this - that in some cases using more leverage can actually boost your returns and you should run the numbers both ways to see what makes sense for you.