Or use the heloc for a down payment but wait longer for closing.

@Jay HinrichsJay, have you ever had late payments with Garnaco, and if so, how did you deal with them? 

Two more reasons to stick with individual mortgages:* Liquidity requirements - Let's say you have 3 properties with monthly mortgage payments of $5,000 each. 

I think the rent would make a good dent in your mortgage payment but you would still be paying some money out of pocket after all expenses.

My plan is to raise capital for the down payment through an investor and create an LLC with my father to get approved for a DSCR loan.

It is the only guaranteed payment in this high priced rental market.

PPP - Pre Payment Penalty.

the way section 8 works is different in every county across the US and I have been diving into the matter myself for an 8 unit I am considering putting into section 8 in St petersburg Florida.. but from my understanding you would ask whatever rent you are hoping to recieve and the tenant will tell you what their TTP or total tenant payment is and the county is responsible for covering the remainder of the lease as long as it is beneath their FMR fair market rent.

Then last option would be a "unsecured" personal loan where the bank offers up to $50K for example to pay off and consolidate debts.The 2nd and the personal loan will pay off debts and lower DTI and you might have enough left over for down payment or just use VA again.

QBO even has a function where you are able to automatically categorize certain recurring payments so your bookkeeper has even less to do.