Why don't you get the Loan under the LLC and you make contributions to the LLC and then pay it off from the LLC.

If you purchase a multi-family as your first home and want to live in one of the units, then the other units income will contribute to your DTI, so that will also help.You will need to put some money down, so you may actually want to start looking at prices for multi-family homes in the area you want to purchase.

@Albert Gayed in general contributions into an entity do not trigger a taxable event. 

The way I see it, its cash I’d otherwise be taking, which I am investing in the deal, so that’s more analogous to LP contribution than GP. 

@Jeff O'Neal Has a google doc spreadsheet that people in around Tulsa have been contributing to 

@Frank Wong I agree with you 100%, I will also add that I believe the mentality that things can always be worst contributes to the lack of growth and success in many people.

During the rehab a few homes sold around us giving us great comps and allowed me to sell at $163k although I contributed $4k towards the buyers closing cost.

They paid a significant portion in rent and I'm trying to determine if I can use the money they paid to factor into my contributions since they were roommates and not tenants. 

Each partner equally contributes capital for down payment of the next investment.We just paid off our personal home, we are personally debt free and have access to our 100k HELOC.

If anyone has any questions, please feel free to contact me anytime, I look forward to contributing to the Biggerpockets community!