@Jon Ankenbauer you won't be able to keep the land separate from any future construction loan.

So we would have to get a loan, pay off the seller and transfer title and then wait the seasoning period before doing a refi unless there is a bank out there that will treat it as a refi off the bat

Monty, take a small amount of time to work on your credit daily.

I'm interested in how others structure their ALFs.2) I'm thinking of going with an SBA 504 loan to acquire the property and do the remodeling.

You aren't required to offer a loan mod prior to foreclosure.

If you're going to do a lot of D4D, then you might want to have that, too.When I do D4D, I use PropStream to locate a number of properties in a small geographic area. 

I’d pay my 0% interest for a year credit card loans and 401k loans off asap then repeat.

.⚠️ Financing Challenges: Hard money loans carry high interest rates that nibble into the bottom line.Unrealistic timelines: If you think you're going to be in and out in 60 days, you're sadly mistaken-most flips take longer than expected.Real Talk: Is Fix and Flip Still Worth It?

I will be quick to admit I have only had experiences with small rentals (6 units and smaller) so if you are looking for help on larger apartment complexes I would not be a great resource.

On my second house hack, I am hoping to scale beyond small multis soon.