What’s the purpose of the loan and what is the collateral?

Total profit less closing costs and commissions will be about 42,500 each or 85k total.I would for sure get a construction loan, may be worth approaching 2 or 3 different banks and getting separate construction loans from different banks. 

I'm a long time lurker finally getting ready to start making a move and getting that first rental property. 

If a HELOC isn't an option due to Texas laws, you could consider a cash-out refinance with another property or a portfolio loan, even if you want to keep your current rate.

Review Anchor Loans, they have closed many investors I've worked with.

Quote from @Jaikevis Reams: In order to put a property under contract I need to provide proof of funds I know that I can get that from a hard money lender but I don’t meet there criteria for a loan approval what should I do? 

Like I mentioned to Eliott, I'm very young and I can't get a loan.

Loan officers with 25 years of experience typically are more experienced, and have less time per file, because they have an abundance of files.Loan officers with 25 months of experience typically are less experienced, but have more time to devote to you.I can't write my own loans, so when I'm getting a loan I prefer working with less busy people when I'm doing my own real estate investment, they're more responsive and dedicated it feels like.

Finally, always get the credentials to access the mortgage account online and change the email notifications to your address.

Many Realtors will suggest purchasing a property using a FHA Loan, to reduce your out of pocket money.