To sum up the risks to the seller; the seller remains liable on a note which is secured by real estate they no longer own; the property sale has violated the due on sale clause of the mortgage or deed of trust and the note can be accelerated by the lender; the seller’s credit capacity is impaired because he has debt with no offsetting property equity.  

I would value your thoughts on how to choose a good HELOAN lender.

@Joseph Turner keep in mind that DSCR lenders do not allow 100% borrowed funds to BUY an IP.

TIA I look at these things the most when looking for BRRRR cities - Rent-to-Price Ratio: Look for cities where the average rent is high compared to the average mortgage cost- Population and Job Growth: Focus on cities experiencing steady population and job growth, higher than national average- Availability of Distressed Properties: Look for cities with a supply of pre-foreclosures, short sales, and abandoned propertiesNormally bigger cities in those states should do well, houses are still somewhat affordable (comparatively) and if you do a big rehab it'll pay off

*You can only have one FHA loan at a timeI'd consult with a lender or two to give you a much deeper scope of your loan options and what makes the most sense.I am not a lender.

If you are using an accounting software, it is impossible for the assets to not agree with the equity / liabilities.Did you factor in everything from the closing statement(such as pro-rated rent, closing costs, lender fees, etc)Did you use a PM company, if you did, did you factor in incorporating the PM Statements.Again, if you are using an accounting software, and factoring in all the transactions from your bank account / credit card, it should not be off.

I work in the mortgage industry and the appraiser can use stick built homes of similar quality as comparable sales for modular homes.  

I recently came across this "FHA construction to permanent Loan" option which seems almost too good to be true, so I wanted to get some input on how this works and where I might be able to find a lender.

And will the lenders take into the consideration the money that I'm earning now and from my business?

We just had the CMA sent to us and we have the ball rolling with a lender for pre-approval - we have not begun shopping for a property yet.