Given our circumstances, would you recommend investing in another single home or a multi-unit (like a triplex or fourplex)?

(This requirement may be waived under certain special circumstances constituting good cause for a waiver, such as the loan being issued because of a bona fide emergency, with the lender obtaining written consent from the buyer to proceed with the loan without the disclosure notice.)The closing on a home equity loan must occur at a permanent office of the lender, at a title company, or at the offices of a lawyer.After the closing occurs, the borrower has a three day period during which the borrower may cancel the loan without having to pay any charge or penalty.

My loan officer is saying no, but the literature I'm seeing says up to 12 months delayed occupancy is allowed for special circumstances.

If you feel I can benefit from the Passive Pocket; then I need more details on it before jumping in not knowing what the circumstances are?

@Abel Curiel the neighbors have been neglecting the property since they moved in about 2 years ago which was shortly after I took over my house. 

I've seen these situations spiral out of control and lead to occupants neglecting/damaging the property, such as making holes in the wall to look for hidden cameras, nailing doors and windows shut, etc.

The best method often depends on your specific circumstances, credit profile, and local market conditions.

Buying an old property with lots of neglected maintenance comes with a unique set of issues.

@Chris Ray, in your circumstances, I'm not convinced that a HELOC would allow you to "pay off big chunks" quickly. 

I personally believe the positives of FHA financing far outweigh the perceived liability exposure many caution of and its one of the few circumstances where I wholeheartedly believe investors should prioritize FHA financing over purchasing properties in an LLC.