What happens if one of you decides to buy a personal home and need the credit to qualify for a new loan so needs to sell this one to make it happen, but the other partner not ready to sell yet, or doesn't want the capital gains. 

But I have a new concern.Interestingly, this original question and your responses were featured in David Greene's BiggerPockets episode #969 at 20.33 min mark (https://www.youtube.com/watch?

The total cost of project is more than we can qualify for based on personal income, although our W2 income and credit score all work in our favor.

RegardsGiles DalrympleIn my personal opinion there were lots of red flags with Lane Kawaoka deals.

You aren't acknowledging that you are just a middle person with no money so you are starting with an untruth, the quickest way to get someone to hang up on you.

Personally, I wouldn't live somewhere where I have people living above me as I am sensitive to noise. 

If so, you can get a DSCR loan without worrying about personal income.

Of the two options you mentioned, I personally love house hacking.

We have our own personal home, but are interested in the idea of having some rental properties to generate additional income and build wealth. 

Talking about a person or company who will bring in cash for down payments and floating capital between renovation draws.