That depends on the bank and the structure/finances of your LLC(s). If your LLC already has a good business relationship with the lender and enough assets, you

That depends on the bank and the structure/finances of your LLC(s). If your LLC already has a good business relationship with the lender and enough assets, you can get them to skip this. Also you don't have to put down 20% if you're willing to pay PMI and a bank is willing to lend to you, but to be competitive some banks are foregoing PMI (likely self-insuring the mortgage? Not sure how they can but I've seen it done)...which is craaaaazy to me.