Basically, enforce rules for the common benefit of residents....your cash flow is not their priority.

I found that the property resides in an unincorporated area with no zoning requirements, but city water and utilities can be accessed.Not knowing where to begin we are hoping for guidance on steps. 

First off 5 of the 6 units were occupied by USDA voucher tenants. the other unit was a full pay resident.

Season it and then put on permanent financing.

I'd highly recommend choosing a part of town that is fairly close to your residence as you'll be making a lot of trips. 

Furthermore, you will need a job (or another stabilized source of permanent income) to help you build up your investment capital.

I now reside in a 3 bed 2 bath SFH in Broomfield CO where I am attempting to house hack by renting out 1 room and airbnb the basement after it is finished.

Hi everyone, my name is Cesar Lara and I currently reside in Memphis Tennessee.

You're right, I was considering buying a primary residence out here for my family and I to add to my (small) portfolio, but I figured with the cost of home sout here, it'll be almost impossible to cash flow.

If I currently have a HELOC on my primary residence of let's say $300k, will it be possible for me to get a cash out on my separate investment property or will the underwriters see that HELOC as negative, even though I haven't used the HELOC?