I am not really a fan of the program because we have a very nice situation in our current home.Putting 20% down for a conventional loan is a steep task financially so I do not think that is an option plus I have been told by many of my friends with multiple MF homes to never use your own money to get into one.Then there is always using the equity we have built up in this current MF home we live in to purchase the next - I am not sure how that works but have done some research on home equity loans and believe that would be another option.Any advice would be greatly appreciated!

The financial model does not work long-term. 

If you’re short on experience or financials, bringing in a sponsor with a strong balance sheet and track record can make all the difference.

However, after taking a deeper look at the financials, we realized the property would barely cash flow.

My primary focus right now is Duplex/Triple & REI investments, with a goal of achieving financial freedom.

It's a big step but will surely move you forward in your journey for financial independence. 

Just seeing who requires new owners/landlords to provide their financial documentation upon signing a management agreement?

You’ll also pay transaction fees disposing the asset, likely in the $40k+ range.I don’t think you have a clear-cut answer here, but you’ll need to rack up all the financial trade-offs to make an informed decision.

We review three months worth of bank statements (with scrubbed account numbers) to verify income and their financial health as well. 

I believe that real estate investing, whether that be passive or active investing and the financial freedom it brings.