When the time comes, I would rather get the high interest instead of buying down with points  If there is too much of a spread between market rate and what they offer, you can take the incentives and, perhaps, refi, but then you have costs again.

I'd leverage those funds to multiple cashflowing assets rather than just one property to spread out your wealth.

One advantage of having the smaller properties and diversifying your inventory is that you will even out your cash flow over the months. larger properties tend to do very well over a more limited time period, while the smaller ones are more spread out.

Historically I have seen a spread of 5% between bank and alternative lending rates, which coupled with the slightly higher origination costs has led me to utilize bank financing.

I started watching podcasts and reading books, spread the word that I wanted to get into real estate investing, and after about four months, someone brought me a deal: a little hoarder house for $55,000.

Especially if your goal is to build your portfolio in the next 10 years, you can get a pretty good head start with $600k if you spread it out! 

The COO was so happy that he spread the word around the company  I was the boy wonder.

As successful deals build under your belt, word spreads and people begin to eagerly await the next offering. 

You'd probably have to figure out how much of a down payment you'd like to receive upfront, how many years you'd like to spread out the loan, interest rate and payment amount. 

I think I understand your desire to take out a low interest loan, then lend out that capital to your builder at a higher rate of interest, pocketing the spread as profit.- What rate are you intending to acquire your loan?