Other than that I have perfect payment history.Debts:Storage unit-         $190 monthPhone bill-             $160 month (i pay for my moms phone)Truck payment-   $1150 month (owe $58,000) impulse buy, and may be able to sell and get out of loan if needed. 2.9% interestStudent loan payment-    $150 month.

I was told my by loan offer over a year ago that the rates in spring of 2024 would be back in the low 6's high 5's... look where we are. 

I want to house hack the next 4plex with a conventional primary loan using 5% down. 

Purchase: He says banks don't offer 30 year loans for CRE.

I know I will have to put down at least 20% with an FHA loan.

If I take tenants out would my commercial insurance and flood insurance go down since I will be living in the 2 bedroom upstairs.

Essentially I am finding and procuring the land/lot via traditional financing and funding everything through the development phase until we get to Construction Loan. 

Can I personally seller finance to a new LLC I start, rent it out with proper insurance through the LLC, and also protect my personal assists if something happens with the renters? 

Hi Flavia, the loan is 3.99%, which is not happening in today's market.  

This would help you potentially qualify for an FHA loan when you execute the purchase option.Option 2: 5% payment for the option with the option payment spread out over 12 months from the 2nd month until the 13thmonth.