It would be a permanent residence as well an occupation.

@Jay Hinrichs It is a 1 year owner occupied rehab/construction loan for interest only, then rolled into the permanent 30 year loan.

Between my credit lines and other property etc it will be funding the payments while the property is built.I'm 99% certain that once it's built and occupied it will appraise to the point we could pull out the capital invested in a refi into more permanent financing.I know I wasn't real clear before - hope that made sense.    

It makes much more sense to put your money into high cash value permanent life insurance.

But they are permanent, on one acre with 100% equity.  

After that, I plan on setting more permanent long term goals in terms of Real Estate.

Our permanent financing was done at 166.5k (75% LTV)The second is a 1780ft (total) 2/1 duplex, land was purchased at $10k, build construction cost $159k, misc was $10k, for an all in cost of ~$180k.  

What people are arguing over, and will continue to argue over, is how that GDP pie will be divided.This is a great point but I feel he is missing the permanent structural changes in the economy due to automation and increased globalization which are permanently benefiting the capital owning class at the expense of the economy as a whole.

The broker was nice enough, but she was permanently in scramble mode, trying to cover what I'd bet is a $5K monthly overhead.  

Realtors live and die by their reputation so each deal can be a permanent risk...