It looks like you are not able to get lending because your Debt-to-Income ratio is too high.You should figure out what your DTI ratio is.If you are buying cash-flowing rentals, your rentals should actually be helping you get future loans easier.

If it is section 8, i would make sure they at least have some income coming in to be able to afford to eat, clothe, and buy all the other necessities. 

Lender (One Brokerage from here on BiggerPockets) says we can't buy it as a primary residence if it's leased.These leased properties would be perfect because July 2025 is when they would move in.We DO NOT have 15-20% down for a commercial loan. 

When did you buy it?

@Joshua G Steed I have yet to buy a mobile home at auction but have heard about them.

Because of this, now I will not buy anymore homes from him.

Wait patiently for the tenant to buy real estate, then record the judgment in the county where the property is located in order to obtain your lien -- the balance of which has been accruing interest nicely in the interim.Anything else is a waste of resources.

I would then plan to use this forced equity (since I plan to buy a fixer upper) to invest in another home.I have been constantly reading to househack right into the MFH, but this may take some time for me to acquire the money and purchasing power.

Hi BP,Im trying to figure out if I should look into using a HELOC on my parents home to buy a rental property in cash.

I wanted to know if it would be wise to buy a reasonably priced home and do house hacking.