, and how do you figure there's less risk?

One strategy you can use is to continue what you are doing and house hack and rent to traveling professionals. 

If you own enough properties you may eventually be able to get business loans/lines of creditRefinance in LLC/Trust is nearly identical as when doing this in your personal name. 

Do you have an idea of the property type (SF, 1-4 MF?)

Let me know if there is anything I can do for you from the Memphis area!

I do my best to be the intermediate between the consumer and the seller, simply by bringing awareness to a buyer's potential.

I have 9 loans currently so looking to do a conventional loan on my next depending on that process.

Raise the $600K, do the pre-development work, then “sell” the property to NewCo.  

This could lead to higher tax bills for businesses and renters, who do not benefit from the homestead exemption [5].Local Jurisdiction AutonomyThe amendment allows counties, consolidated governments, municipalities, or local school systems to opt out of the exemption if they choose to do so.

Some context, I have 3 other properties in a different city and am currently on 1099 income (so I can't do conventional) for the past 3 months.