@Vannery Gonzalez   Is this for owner occupied or investment properties.If for owner/occupied does buyer have ITIN and US bank account, ID, W2 income?

Every tenant currently in the home has stated their intent to remain in the home for the next year+The home was purchased in March 21, active by the end of April, 50% occupied in May, with full tenancy in June.I would like to purchase many of these homes around Houston and then continue to expand in the San Antonia and Dallas/Fort Worth areas.

A HELOC on an investment property is more difficult to find than one on an owner occupied property. 

Regarding the walkthrough you should have something that documents the condition of the property when they occupied the unit.

The 3 properties, all occupied and cashflowing, that I would like to use, all in/near atlanta ga:1Value $289kOwed $139k2Value $197kOwed $99k3Value $115kOwed $0I no longer have a w2 job, and have spent the last 3 years working on a startup that is still not earning much to speak of (the no longer in the red).My wife has a W2, but even with her considered, our debt to income ratio is already beyond what lenders I have spoken to will consider.How can I access my equity?

Other parts of Florida are also very low cost of living.2)  In smaller increments than a typical down payment you can get RE syndication shares with a pretty decent cash flow.3)  You can use the Nomad strategy to buy as owner-occupier serially with lower down payment (FTHB, 3.5% FHA, or 5% conventional OO). 

Purchase price: $300,000 Cash invested: $23,000 Live in Fix N Hold.We just mixed all the strategies together - bought it owner occupied off market and spent a lot of time and money on fixing it up.We refinanced a year later to cash out most of our financial investment.

I wanted to see if any of you all have guiding principles on these areas of thought: mortgage length, paying extra on debt, selecting your first couple owner occupied homes,  and other thoughts. 1) 15 year mortgage or 30 year mortgages? 

@Sooyeon KwonWhen you obtain an owner occupied mortgage, you're expected to move in within two months and stay at least a year before moving out.

One of main benefits of Owner Occupied is the exclusion of capital gains taxes after 2 years of living there.