You can be an LLC and still receive a W2. You just have to file a form to be treated as an S Corp when you file. That's what I do every year. Note that my LLC is for earning income and not for writing off losses.
Still, to get a mortgage I'd have to supply personal and business tax returns and my income for borrowing would be based off of my AGI.
This post was edited on 12/11 at 9:09 am