I got a rehab loan for a flip from a friend for 9%, no draws, and got all the cash upfront to finish the project.

@Darren Samson what kind of loan you can use is a question for a local lender. 

@Charlotte WilsonAs long as you continue to occupy the property you purchase with an FHA loan and you're not applying for owner occupant financing on the other property, that shouldn't be a problem.

@Karolina Powell Just some high level thoughtsDeal #1:This is probably something I would only be interested in if there's equity to be had right off the bat or soonish.

With substantial equity in your Fort Worth rental, a cash-out refinance could free up funds to purchase additional properties.

I want to do a bank statement loan(I'm an independent contractor)with just me on the new loan in Texas .

They were rehab properties so I purchased under a construction loan.  

Equity vs Appreciation.  

Having your son involved in the loan, title, and insurance policy does have both benefits and drawbacks.

I did all of my loans with small local banks in my area and was always happy with the rates and service.