Your best bet, in my opinion, is to bring in one or more equity partners.

Assuming you have equity and you qualify for a conventional Fannie/Freddie loan then yes you can.You should also call the small local banks and credit unions in your area as they can be more competitive.

We are looking to rent out house out due to cash flow and not quit having enough equity to sell.

@Kevin ScottFrom what I've been reading... cash flow is king.Buy for cash flow, hope for appreciation.I personally would be happy with a fair market deal in a GREAT location as long as the cash flow/debt made sense.There are other ways to add value/force equity.

I didnt know about the term "House Hacking" till then.. but I did know that financially it made since for me to live on my own with an extremely low mortgage payment while building equity. 

This should explain the challenges forthcoming....https://www.biggerpockets.com/topics/596656We represent many landlords within the City and County of LA, and all of Southern California for that matter, if this passes I know 90% of our clients are going to sell and move their equity to a more favorable city or state including myself.

The properties I'm looking at are in Cook County, IL where the laws are heavily in favor of the tenant. 

I'm new to the RE investment , and new to the biggerpockets website at the Same time .I need some help guys to understand how it is possible to use the HELOC several times.I've got a relatively good grasp on how to use it the first time , based on the equity of your primary residence. 

Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.

Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.