Escrow should also cover other expenses you incur due to apartment not being vacant.

These loans cover the costs associated withpreparing the land for subdivision, such as grading, infrastructure, and legalfees.Ground-Up Construction Loans:If you plan to build on the land, a ground-up construction loan might be ideal.These loans typically cover both the cost of the land and the construction.They can offer more flexibility and longer terms, making them suitable for avariety of projects.The best option will depend on your specific needs and plans for theproperty.

You can do a DSCR standalone 2nd Mortgage at 75% CLTV if this is a residential 3 unit building as long as the property can debt cover both mortgage payments 

Rental income also sometimes has seasoning requirements before a lender wants to count it towards covering the debt you incurred.You don't mention how much income you will need to be financially independent.  

Thanks Ned these are some great pointsEssentially by creating “terms”, you e can try to manipulate the payments so that they cover the expenses 

Amenities include a pool, spa, big covered deck, fishing pond, hiking trails.

Meeting a tenant is the cover of the book and the screening process is the knowledge provided inside the book, don't judge a book by its cover.

Those states are now seeing carriers leave the state or charging seemingly large premium increases to cover the past years. 

Sports seasons and university events can drive STR bookings, while MTRs help cover the slower times.

Keep in mind you can have a policy in your personal name covering a single family rental and it is on a commercial form.