If you can get through the paperwork for the 203k and you are or know contractors who know how to work with that program, then do that.The 203k loan has favorable terms only allowed for owner-occupants, and I think that this can be very valuable for you because it'll let you avoid the high interest rates and points from the HML.Use the HML for deals where you won't live there!

All 3 options are favorable to you! 

But the market place doesn’t seem very favorable to the multi family space.

I came across a few wholesale deals that work out in my favor which is great.

After reading your posts and sleeping on it, I agree that this would not be the right move and we’ll be denying this applicant in favor of one of the other more qualified applicants that I’m sure we’ll be getting.

We look forward to working with you. 3 Bed, 2 Bath in Rock Creek Swim and Tennis CommunityMinimum qualifications: No evictions on credit reportNo felony convictionsNo registered sex offendersMinimum household income of $3,600 per month ($43,200 per year)Favorable rental history with good references from previous landlordsHave a credit score of 600 or moreEvery person in the home 18 and older is required to applyRules and Pricing info: This is a partial list and more specific details will be in the lease agreement.

I'd also do my best to find a favor to do in return.Thanks for the responses!

I was unaware of how corrupt the court system is and was in favor of the banks. 

I have time in my favor and I'm trying to make the best financial decision.

This would increase cash-flow.If you are comfortable with it, look into investing in out-of-state properties with more favorable markets.