Yes, Hard Money Lenders will sometimes do that, for outrageous Interest Rates, but will be expecting you to either get a traditional loan within short order to pay them back, or have been told by you that you are selling it straight away for a profit, thus will expect immediate pay back on resale.Neither of those situations seem applicable to you though, right?

Rehab & Rent Loans – Available in MD & GAWe lend up to 90% of Acquisition, 100% of RehabMax 70% LTV6-12 month loan term12% interest only, paid monthly5% origination fee, paid at closing$150 per repair draw (if applicable)$250 loan payoff fee to coordinate payoff with title attorneyNo pre-payment penaltyNo application fees, appraisal fees, underwriting feesShould I move on it or is it something I should be concerned with?  

You can pay after taking an application fee from the potential tenant, which is what I usually do, or you can have the tenant pay, but they don't get the $5 discount.If you're looking for a site to manage your rental properties online, including ACH payment of rent by deduction from the tenants' bank accounts, I use and would recommend rentecdirect.com  I'm using it to manage 20 properties, about half of which have tenants that pay by direct debit.  

I have called some local lenders as well as put in online applications but have quickly realized that since my LLC owns the home and it is not owned by my personally that it will be a bit more difficult.

The list of 21-books contain some good references, but there are Canada specific books which may serve you better - if you plan to invest here at home.Though @Bill Paesano is speaking from experience and good intentions, the information he provided is not applicable to you.  

If so, what if you find negatives (ex: criminal convictions you would normally decline an applicant)?

To find the mortgage loan that best fits your needs, too with "Less paperwork and more personal attention" means you enter a frustration-free zone from application to decision.

APPLICABLE LAW.

It's application only limited to your imagination and may have instances and situations where this device may work for you.

I don't know if I should go to the banks now with a loan application to obtain funding for a multifamily now, I have rented it for over two years, so I might be able to show rents as revenue with Fanny Mae for debt to income ratio purposes.This sfh is worth about 125k more than what I owe on it that’s:Out of my areaRented until April 1Break even after capital expenditures I was thinking about buying a multi family on a 1031, but I don't want the 45 day rush.