Why would an educated and experienced person believe this crap?

What you want to do is combine pieces of both of your options together. 

We may be able to piggy back, combine forces, or schedule something new to accomodate schedules.

She decided to combine two rooms to make a gorgeous master and a "pocket office", versus keeping the 4th bedroom.  

For example, they can finance up to 70% of the ARV meaning, if you have a perfect 70% deal (purchase price and rehab are withing 70%) they will cover those cost for you.you will still incur closing cost, taxes, and insurance cost though for example.True 100% financing (ZERO out of pocket) typically requires solid relationships with private lenders or a combination of hard money lender and private lenders.

My personal residence payments are less than 15% from combined personal income.

Can your combined income support two mortgage payments in the event you don't get a renter quickly? 

To combine the two into a land purchase and construction loan you need to demonstrate on paper exactly what you plan to build and that the planning desk allows this without a conditional use permit/hearings/delays/neighbor complaints tying you up to wait 24 months to start.

Usually buy, hold, cash out refi and buy more with cash out funds combined with my own funds and this has been a good equation for me heading to #12 closing Monday. 

This could indicate a premium market with potentially higher profit margins on flips.Housing Structures: Zip code 13224 shows a high number of multi-family structures, particularly those with more than 50 units, suggesting a potentially saturated rental market or a demand for apartment living.Market Outlook Combined with Google Search Data:13224: Witnessing a notable 53.7% surge in median sale prices for 4-bedroom homes and a 19.7% uptick for 5+ bedrooms reflects a buoyant market for larger residences.