In this case, you can use Rental Income from the units that you will not be living in and that income can count to help you qualify.FHA rates are going to be lower than conventional for you almost always, but FHA does have a 1.75% funding fee. 

Typically seasoning means that the funds have been in a bank account for a set amount of time (usually 60 days), so ANY lender should love that....I thought maybe you meant un-seasoned funds?

Selling multiple properties in a 1031 exchange to consolidate funds for one investment property is allowed, but the property must initially be used solely for investment.This post does not create a CPA-Client relationship.

@Collin Luckett  Just adding, if you have the ability to fund with your HELOC, it would be far cheaper than PML or Hard money. 

However demand is very high, especially for section 8 which also doesn't pay very well because government funding is one of the lowest for Puerto Rico.

By any chance, do you know if you're eligible for any government grants and/or funding?

I am 59 years old, and my retirement fund is all in my 401k.

Once you’ve built capital, transition to small multifamily units using DSCR loans for steady cash flow.If you need help analyzing deals or securing funding, let me know.

In both cases, having a property manager who can adapt to the specific needs of each asset type is essential.I believe that the best property managers understand that profitability and customer experience are not mutually exclusive—when both are done well, everyone benefits.Thanks for bringing up this great discussion!

I'm eager to learn about how to find and fund properties that help my family financially and my community with affordable/reasonable dwellings for young families and newlyweds.