Give me a shout if you'd like a rate quote for your DSCR loan.

House hacking is an excellent strategy, especially with the potential to use an FHA loan to secure a property with a low down payment. 

Are LPs entitled to see foreclosure, bank loan related docs?

Texas does have specific rules regarding home equity loans and cash-out refinancing (often referred to as "Texas Equity Section 50(a)(6)"), but these don’t prohibit homeowners from using funds for investment properties.

If it is with HUD, did they foreclose or is HUD servicing the loan? 

Over a year later it finally sold and they lost their BUTT!!! 

The sale failed and he still owns it.One of the potential solutions is to use an SBA 504 loan for the real estate. 

A foreclosure initiated by Ocwen won't touch your credit at all as you are in a second lien position and not a direct holder of the loan/mortgage.If the foreclosure starts you might be able to recoup the money or lose it.

Finally, double-check local demand and rent trends in the area to ensure the pro forma income is achievable.I’ve worked on several mobile home park deals as a broker and am currently helping a few clients sell their parks, so I know how important it is to ensure the numbers make sense both now and in the long term.

It cashflows like crazy as is, you take out a tax free loan of $1.2M give or take, you leave it to your heirs when you die and they pay zero taxes.