Also, there are construction loans that pay for the entire build project including land. 

I'm looking to purcahse a triplex or 2 unit using fha loan also live in one unit. any advice on which suburb of chicago is good to buy this type of property or where i can find that type of property spending no more than 350k. any advide will be very appreciated 

Why doesn’t he just write you a loan for $50k for 2 weeks at 6%?

I am almost done renting it out and it's going to cashflow $400-500 a month with a 4.38% loan.

So how do I obtain a loan without proof of income?  

I am below 50k left on the loan. 

They would prefer that the house is either sold, or be bought out.I could be to apply for 203 K loan if I am willing to stay in the property for a year as my primary residence.

Hi Cody, The main benefit of a portfolio loan is saving on the closing costs.

You can use a DSCR loan to purchase them. 

Metrics like Cash-on-cash return, ROI, NOI, Net Worth, Loan-to-Value.... these things change every month, every year.