If an individual is approved for conventional bank financing, can I then buy a house from my own LLC for purposes of eliminating private money lender?

If they are professional, they can explain this quickly and easily.

If they are professional, they can explain this quickly and easily.

My dad's also been in construction for 30+ years and can easily work on fixer-uppers, but I'm generally risk-averse (and it's my first property) and don't want to encounter a host of unforeseen issues.

Once you’ve identified a broad area, you can easily whittle it down.  

If you have a job you should easily be able to refinance, or get a HELOC on your primary residence and pay it off.Credit and DTI have nothing do to with sub2's.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

I found Cassie easily. 

A two family that needs less than 30k rehab in Worcester is going to be 350k+ easily in a good neighborhood.

Also, you can The the flipping easily with conventional renovation loans with FannieMae Mae HomeStyle which investment properties, 1 unit, 15% downpayment