Hi thereFirst of all, I understand that a lender wants uninterrupted insurance coverage for any property they have a mortgage on.

The bankruptcy and closing of mortgage companies in the past year are still happening.

I am planning to convert my primary residence to a three unit rental property where I’ll rent one of the units.I have a tiny home at the back of my lot and an apartment attached to my house. owe $94k on my mortgage.

I have a partner that can fork up the downpayment but i want to put the mortgage in my name.

Background:First-time home buyerUp to $100k for downpaymentOpen to explore different parts of the city or even other statesOpen to leverage FHA or DPAWilling to settle for breakevenReady to close ASAPChallenge:Finding a property that can fully cover the mortgage through house-hacking and breakeven or potentially cash flow in Vegas, or other no-income-tax states.Request for Advice:Scenario 1 - Stay in Vegas and find a property that is viable to house hackHow are people house-hacking in this market?

He should be able to demonstrate the check withdrawal on his bank's online banking.

I own the property outright so there is no mortgage. 

Cashflow is over double what any mortgage would be on a reasonable interest rate, and we also have a cosigner available for a conventional.

.- We have no outstanding mortgage debt.Recently, we discussed financing options with a banker at PNC and learned that we might qualify for a HELOC up to $480k, albeit with a relatively high minimum interest rate of 9.31%.

Not that many triplex listed for sale in San Diego.FHA is a good start with 3.5% down but then you are stuck with mortgage insurance until you refinance conventional or sell.