If you can show proof of loss of funds from renting, then you might be able to sue the city for that.

Live there for several years, build up your funds.  

@John Thedford  best of luck I have 7 or 8 left in Orlando that I funded...

This means keeping corporate records, following corporate law, having separate bank accounts, not co-mingingly funds/property, etc.

So basically you have a property that you are currently living in that you have a HELOC on, and the bank is going to force you to close the HELOC once you convert it to an investment property, and you want to retain access to the ability to take out funds whenever you want without doing a conventional refi - is that right?

At their age they need to place it in a secure conservative income fund.

A "portfolio loan" is a loan which is serviced by the lender who issued the funds (i.e. held in their portfolio), rather than being packaged together with other loans and sold on the secondary market.

We're feeling prompted to take our little business to the next level and shift focus to multi-family.Our ultimate goal in going down the REI path is to fund our daughters' (we have 6 of them!)

We are in that process now, and are heading towards a 30 yr fixed loan because it will be a smaller payment, thus freeing up cash flow to fund deal(s).

Money market, mutual fund, savings?