@Mark Hughes Unless the seller does the seller financing all of the time or the seller is using a third party to manage the seller financed note then I would not think it would be on your credit report.

Hi Mark, this is the area I've been looking, its a pretty large swath of land.

@Matt Crawford, Are you planning on doing 2 refinances or will your construction loan carry you to the 2 year refinance mark?  

High marks across the board... options, cost, quality, time, ease, etc 

My question is if I chose to sell the property today, will I be past the 1-year mark to be considered a long-term capital gain or is it based on when the property was put in "service" as my Tax form 4562 calls it aka rented out?

@Kelsey West and @Mark Kuster thank you but I think I'm all set for now.

I spent months driving around Baltimore to really know and understand each area and neighborhood (I marked in a paper map what blocks do I like and which ones to stay away from each area I liked) and networking with local investors to really get a grasp of the city. 

EldredBuild A Rental Property Empire by Mark FergusonThe ABC's of Real Estate Investing by Ken McElroy What Every Real Estate Investor Needs To Know About Cash Flow by Frank GallinelliFinding and Funding Great Deals by Anson YoungInvesting In Real Estate with No(and low) Money Down by Brandon TurnerThe Book On Managing Rental Properties by Brandon TurnerLong Distance Real Estate Investing by David GreeneTips & Traps for Negotiating Real Estate by Robert ErwinHow To Win In Commercial Real Estate Investing by R.

I'm on my own comp now and It displayed all the messages correctly, BUT then I had to blindly navigate down the page to hit the 'send message' button as there were page scrolling bars ...  

Thanks @Mark Bookhagen and @Dave Foster