Has anyone have any experience acquiring multifamily property using a SBA loan like to get your thoughts?

Hey @Brandon LaRose, do you have the ability to use a Margin Loan against a taxable portfolio, or a policy loan against a permanent life policy?

Tariq  It depends on the type of loan program.If it's a Freddie Mac loan 6-7s depending on PPP, LTV, Fixed Term, and location. 

Does anyone know if loans are 90/10 or 80/20?

Maybe consider a conventional reno loan like the Homestyle or CHOICERenovation. 

The more rentals you have the more risk there is to having a bad situation crop up.

I would take out a private loan on the paid off property to get the other one squared away

Doing an unsecured loan is a horrible idea. 

The loan is with you, not with your tenant, so none of that means anything to them - in fact because you live in one unit and it's under 4, if you were self-managing you don't even have to abide by fair housing laws (at least on the federal level). 

The best option would likely be a construction loan, which can cover both the purchase of the land and the build.