I also can take out a home equity line of credit on my current home....but I need direction. 

Are you advertising on GoSection8 website?

Just closed on my first loan with them.

I recommend you educate yourself on how to screen an ESA before someone takes advantage of your ignorance.

Therefore you have to rely on contract, if its a new build, make sure its in the Purchase Agreement.Why?

You can work with a local credit union that does HELOCs, Home Equity Lines of Credit or Loans, on investment property.

Also, there may be some tax benefits if they can qualify for federal funding based on low income. 

Hey Zahra,Have a lot of clients working down there and you are correct, it has become a great place for investors.Biggest differentiator that I have seen has been on appraisals after the repair.

I relied on a property manager who ended up really messing me up.

However, I have done sub tos WITH lender consent on some commercial properties.Subject to is commonly assumed to mean WITHOUT lender consent.