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

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.

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). 

If you have multifamily commercial loans, you will likely have to repay the loan in the near future instead of having the payments applied to the end of the loan. 

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

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.

"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?"

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.

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

There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area.