FHA Mortgage - Have renters pay/sign lease with LLC?

[Nate Burnett]

Hey all,

We're getting really close to closing on our first MFH. We plan on doing a BRRRR strategy, as well as house hacking combined in. We'll occupy one unit as we renovate and flip the unit moving onto the next.

I know with our FHA financing we can't have the mortgage under an LLC, but is it worth it to have the rent and lease under the LLC? Is it even legal to do that? I'm more thinking about minimizing legal risk, if we can structure it where there's a "building lease" from us to the LLC and then the renters sublet from the LLC and pay into those accounts.

Is there a better way to structure this?