I am using a conventional FHA loan to acquire the property.

Go to your town clerk, and look up all the information on the loans on the owner and the property.  

I would talk to some lenders  getting land loans and development loans with no experience is next to impossible starting out.. 

There are tons of loans out there that use just the projected or actual income from a property vs the payment of the property (DSCR loans). 

Hard money loans will almost certainly not cover 100% of the property’s purchase price and will require a chunky amount down (eg 20-30%) from you.

Consider starting with a few lower-cost flips with a smaller loan-to-value ratio to reduce financial strain.Market Research: Sacramento can be volatile, so I’d recommend keeping a pulse on local trends—particularly in the neighborhoods that have potential for growth but haven’t quite hit their peak yet.

I would recommend reaching out to @Denver McClure as he may be able to help with a non-conventional loan

"A second question is if I finance the car purchase can I also deduct the business use portion of the interest charged on the loan?"

Like I see how it could work in a perfect world but i cant wrap my head around the idea that I could be making a profit if I still don't actually own the house and still have to pay down all of the loans.

This doesn’t include any raises or bonuses.No kids yet, but we plan to have them down the line.Both of our credit scores are over 800, and we have no debt.The plan:I know sellers don’t always love FHA loans, and they can be tough to get approved for, but I’d like to use one to make this work.