Also, explore creative financing options like seller financing or private loans to reduce upfront capital needs.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

It sounds like your current bank might be hesitant to provide a loan for the next property until you can prove that the current property provides enough income to support your overall DTI (Debt to Income Ratio).

Looking forward to the knowledge that you vets can provide!! 

The best option would likely be a construction loan, which can cover both the purchase of the land and the build.

Quote from @Cosmo DePinto: When applying for a DSCR loan, can you base the rent off a section 8 tenant?

She is not in a position to lend a personal loan to me. 

.: Anyone with experience (and/or referrals to lenders) with non-recourse loans?

If you're considering hard money loans, they can provide fast funding, but with higher interest rates and shorter terms.

-Sale my home that I currently live in to fix up the apartment building or-Keep my home and rent it out- use HELOC or-Take out a loan to fixAny advice is appreciated, Thank you!