Would you rather set it and forget it and not need to refi again or rather take advantage of low/no closing costs on this loan and plan to be more aggressive on your rate at the time of your refi?

Your 'cost' should include everything, from land purchase, soft costs, holding costs, and hard costs.

That's your cost. 

Are there other, more cost-effective alternatives to gain similar support and knowledge?

A three bedroom house for 800/mo is crazy low!

@William J Anderson you want assistance in analyzing T-12s for the purpose of purchasing a property?

It's going to be challenging to find another house hack with as low of a monthly payment as you currently have, given the low interest rate.

In some cases, federal tax credits like those for low-income housing or economic development might also apply if the project aligns with certain goals.Instead of buying the land outright, developers often lease it from the tribe, which can reduce upfront costs and sometimes come with favorable lease terms.

Don't look for lowest rate, look for lowest cost on fees as you will either refinance out of that loan or sell- the prepay will hit you on the back of the head like a cinderblock wall.

Hi. I inherited a partnership in a 22 unit commercial building with 8 restaurants, a grocery store, a couple of personal care services, and various other businesses. Rent is around $130k  per month. I was surpriesed t...