We are a small partnership with 4-5 properties currently, but we are growing and hoping to find a reliable lending partner that we can do repeat business with.About 3 months ago, we successfully completed a BRRRR deal where we had excellent numbers, over a 1.25 ratio at 75% LTV, our guarantor partner has an 800+ credit score, and we had no issues qualifying for the loan.

I am a general business major and also currently working on obtaining my real estate license to become an agent.

As mentioned before too, newer construction tends to sell at a premium too. 

Alternatively, construction loans can provide staged funding for significant renovations but require more documentation.If you’re holding the property long-term, consider refinancing into a DSCR loan after renovations.

But if your goal is to cashflow positive from the Day 1, you may find it very challenging due to current day interest rates, high cost of construction and the fact you won't have the efficiencies of a seasoned developer building at scale.

Or the house construction industry in general where they build for $X and sell for $X+margin?

New construction. 

Pre-construction and new builds seem to be making a lot more sense compared to older buildings.

FHA loans are designed for primary residences and require the borrower to be an individual, not a business entity.

His team is adding a course on buying businesses, and they are also working on adding Real Estate College Semesters and learning badges.