For example FHA guidelines say you can deny an ESA if they cause an undue financial burden, cause a direct threat to the health and safety of others (the letter from the neighbor supports this), or cause substantial physical damage to the property.

With our three banks I could call them today, tell them the situation you stated,  send them the projected financials.  

Feel free to reach out if you have any questions or want to discuss your plans.Welcome home to BiggerPockets, and best of luck on your path to financial freedom!

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

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.

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

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