Wait for traditional financing. ( end of 2019 - would force me to rent too long )4.

Scenario:Im renting out rooms in my primary residence.

I'm not looking at airbnb as a quick fix alternative where right away I will start making 6 figure income, but im looking at it as something which can one day make me less dependent upon income from my present occupation only and perhaps become a primary source of income. 

Given what you have said you want to do, this is how I would do it.1) Have one couple by the property with a traditional mortgage. 

We have used savings and personal loans and our HELOC on our primary.

What is your primary source of funding and how are you structuring your deals to allow for enough cashflow to live on?

I know the house hacking concept but we rent in a really nice neighborhood and we have no plans for buying primary residence, I was want to start rentals buy and hold for passive income later refi and get the next one ans so on....

We use MINT.com, which is nice.According to MINT, what is largely dragging our credit score down (it's a 758) is credit utilization.That's a few credit cards here and there but predominantly our HELOC is 60% utilized and bringing up our total credit utilization up over 40%.I'm under the understanding that many people use HELOCs as a great way to pull out equity from their primary residence.I don't understand why one would be penalized from having a stronger equity position in their primary residence?

I realize they aren't common in most parts of the US as a primary heating/cooling system, but they are here.  

You don't even have to find "deals" – as an FHA buyer you will probably have to offer more than a traditional cash or conventional financing buyer, but with 3.5% down your returns will be worth it.What is your job/career?