This would allow them to fully defer their taxes if that was their goal. 

Also, VA loans allow for 100% financing with no PMI, and are more forgiving in low/moderate credit score scenarios.

Very few allow any subordinate financing below their note but I do have ONE that allows 90% CLTV (they loan 75% and allow you to secure a 15% seller carryback as long as you come in with 10%). 

Pipeline secretary is VERY pushy and texts me every hour to ask whether or not I've signed the lease.The only reason I signed is because they allow you to connect with roommates beforehand and they were able to answer my questions with some coherency. * Day 1: I arrive at the rental.

They will check for everything to ensure safety and habitable. i.e. doors/locks, lights, detectors, windows/screens, appliances (stove with anti-tip plate), hand rails, wiring in the unit and in the basement, lead paint (if children).....etc6.

Quote from @Christina Venegas: Quote from @Dominic Mazzarella: Quote from @Christina Venegas: is it possible to do HELOC on a primary home that was purchased 6 months ago with 5% of down payment, the property was $145k and it was appraised at that time for $160k. i need advice from investors and lenders, if anybody knows some lenders that could help me I would really appreciate it, thanks for taking your time to respondIt’s definitely possible to get a HELOC on a primary home, but most lenders have a seasoning periods which are typically 6-12 months after purchase before they’ll allow it.

You'd ultimately break even just to keep the lights on. 

the SBA can still work but the price point is likely going to pencil way under what seller financing would allow.

So, that would allow you to buy 200-250k. of course, it is hard to find cash flowing properties with 15% down, but most assume you have to put down at least 20% which is not the case.  

As far as PadSplit, you'll have to check city and county laws concerning the number of unrelated people allowed to live in a house.