Securing funding has been challenging, particularly because my business documents reflect low revenue from only one duplex, and I am currently between jobs.I have identified a reasonably priced piece of land and have saved a small portion of the funds from my duplex sale to invest in this venture.

Plus,  if you have the ability to do another FHA 203k, it's a no-brainer.The low down payment is unbeatable, and then add on that the bank will all finance the renovation!  

I will say that during that time, the HELOC interest rates were very low.  

If you're willing to have roommates, your options open much more broadly, and you can potentially assume a loan with a low interest rate. 

Multiple people had some bad things to say about the area, but when I moved and realized that it was a low income area with a lot of homeowners, I was motivated to improve the property to match the effort my neighbors have put in. 

That seems low with the 5 units and storage you mentioned unless they are 1 bed units. 

I looked at the rental trend over the past 10 years, I should be fine in year 7 for the refinance unless rates are totally out of this world.Your right those rents would be really low for Stamford. 

Low barrier to entry, low taxes, landlord friendly, some amazing class A and B suburbs and a strong urban core. 

These range low 500s to the mid 600s.  

Both of these allow you to low down payment loans to buy a primary residence with fixed interest rates.