FHA has up front PMI that gets financed on top of the loan size, so your final loan size will be larger.If you have any questions on how FHA loans work reach out anytime! 

@Reddy Rangareddy   Not sure what your investing objectives are but if you finance that property with current debt and say rent is ~$2k/month or maybe even a little higher, then it won't cash flow. 

I’m looking forward to making connections for creative financing, advice on rentals, and just overall rapport with others on the same track. 

If you have ~25 units at $500/month rent increase you $12.5K/month of increase or $150K/year in the increase.I recognize that there are Californians that cannot afford to purchase a turnkey non owner occuppied property via traditional financing in CA. 

Are you going to buy solid properties in good neighborhoods with conventional financing, and then 'cash flow' in month 1 or year 1, or even in the first few years? 

Seller financing still implies a transaction and therefore a tax event.

Can't do another HELOC...Is seller financing the only option in this case?

The property is a 7% caprate, this the best deal I've seen personally in the last 9 months, it was an off market seller who is doing seller financing.

I am negotiating the purchase of an investment property in Hawaii. It has two separate dwellings on one lot. One house is a 3br/2,5ba, with full kitchen, and the second house has a 2br/2ba with full kitchen on the top...

I then rehab the property and finance it or sell it.