Since you stated building in New Orleans, you'll have to find land that would allow for 3+ units, which is not common. 

I’m looking into alternative methods to house having and MFH run for $700k+ out here.At the moment, I live in a detached garage converted into a 600sf 1bd/1bth.Since the 700k price point for a duplex with max 3bd/2bth unit to rent it out of question for me, I was thinking of the possibility of picking up a smaller house with the possibility of converting a garage or building a separate addition that my wife and I would then be able to live in while renting the main house.I know CA is becoming very favorable towards ADU’s now a days and was wondering on if this could qualify as a primary residence for myself as well as me be able to use potential rental income for me to be able to qualify for a loan.Still new to BP and REI, I couldn’t find a google answer on this, so any help would be appreciated.Thanks!

In Texas, it doesn't cost extra to make a series LLC when you form it or renew it annually (in Texas we don't even have renewal fees).

It's not a strategy that's for everyone but it is working for me.

Also make sure you are answering the questions correctly on their forms --- I once saw an operating agreement generated from a similar service stating that the member will represent the membership interests in the LLC using a certificate.

Some areas of oildale do not meet this standard for me.   

I found a deal that I think will work great for me and I'm moving on it.

@Kaliya Nikole I would be happy to chat with you about this as @Doug Pretorius has described has created a nice niche for me and brought me some great Rent to Own deals that I funded myself as well. 

I have 2 options that I'm still thinking which one will be the best for me , now I'm in a place where I got confused, where I dont know how to find the best loan that I can get.

You can set up google alerts for an easy way to stay up to date on where jobs are relocating to and how many jobs will be formed.