Sounds like there are more than just 2 options. 

I am interested in acquiring a 10-acre lot with a house listed for $1.6M in a Houston suburb and would like to investigate financing options for building a commercial structure on the property.

Wanting to know some basics as well as funding options. 

Outside of raising money from others or seller financing, I am looking to see if there are private or other lending options that could cover 10-20% of a downpayment on these loans with a shorter loan term of say 5 years.

Is the option government supplied insurance where taxes supplement the insurance?  

At 19, house hacking is the best option if you have the downpayment and closing costs set aside.

Focus on strategies that align with your needs, like turnkey properties, build-to-rent options, or small multifamily buildings, especially if you prefer less hands-on management.

Now, getting around the Due on Sale might be as easy as doing a Contract for Deed or a Purchase Option instead of Sub-to.

Kyle there are a ton of options here that you can compare.

Correct, the idea would be to owner-occupy one of the units (I’m looking at 2-4 unit options).