Advice on acquisition strategy

[Aaron Jones]

Hi, I am finalizing my investment strategy, and I have a few questions regarding how/when to utilize LLCs. I plan on purchasing foreclosed SFHs with cash, rehabbing as necessary, renting them out, then getting financing based on the new appraised value to pull out cash and repeat the process. Basically the BRRRR strategy, but with a full cash initial acquisition and Delayed Financing rather standard re-financing. My question is: Should I 1. Make the initial purchase under an LLC, then seek financing with a personally guaranteed loan in the LLC's name? Or 2. Make the initial purchase personally under my name, secure financing under my name, then quitclaim the property to the LLC? If I pursued the 1st strategy, how common is it for local/regional banks to make residential loans to LLCs with personal guaranteees? If I pursued the second strategy, wouldn't I have to get 2 insurance policies, one while I personally own the property, and another when I change title to my LLC. Also, I understand I would be at risk of the "Due on sale" clause, but it is rarely called, correct? Any help/advice would be greatly appreciated. Thanks!