So traditional FHA i need to wait till 2017.

You won't be able to get a traditional 80% or 90% LTV HELOC like with a primary residence, but I'm sure you can pull some of your equity out one way or another.  

Buying a property with a tenant in place traditionally means any type of construction will at the very least be more complicated as the tenant and their stuff is in the way.  

Traditional bank, creative, land contract, lease option, master lease options, portfolio lenders, and etc 

My new job's 401k I will likely keep traditional, and this other one I would like to buy properties with.

When I am hired I will go the traditional route and find bank financing. 

I am financing the remaining 75% with a traditional mortgage company. 

vacancy 15% - 2082utilities - 600maintenence @3%/year - 262prop tax - 100insurance - 75prop management - 166landscaping - 80NOI - 848I have access to flexible non-traditional funding, which I think has been an issue for this property.  

vacancy 15% - 2082utilities - 600maintenence @3%/year - 262prop tax - 100insurance - 75prop management - 166landscaping - 80NOI - 848 / m I have access to flexible non-traditional funding, which I think has been an issue for this property.

However, make sure the client has not made any other 60 day IRA Rollovers in the last 12 months from any IRAs including , Traditional, SEP, SIMPLE and Roth as the one per 12 month 60 day rollover applies to all IRAs in aggregate.