the BEST plan is to have optionality or multiple plansYou should ideally be comfortable with either flipping and paying off the hard money loan at sale or keeping, renting and refinancing, whichever makes more sense! 

Personally, I sign up for whichever card is offering the best signup bonuses for minimum spend before making large purchases. 

Financing is available up to 80% of your land’s purchase price or value, whichever is less, in a subdivision and up to 70% for financing raw land.

Only when dirty or every few months, whichever comes first. 

And you want a deed of trust or mortgage, whichever is used in your state.  

If you have a constant fear that the tenant is waiting for the perfect opportunity to file a lawsuit against you, having him as a tenant is not worth it.If he is on a month-to-month lease, notify him immediately that in 30 (or 60 or 90, whichever is the law in your state) days, his lease is over. 

I am currently employed at Mattress Firm, we make 10.88$ a hour plus commissions (whichever is greater) I made 71,000 last year total but around 68k in commissions.

See if your lender is approved to broker with them in NJ or whichever state.Can look into DSCR loans as well (but only as a backup if you didn't want to go full-doc).

And, it doesn't make much difference to them if a property averages $5k per month or $7k per month, so what do they do, they go whichever way is most efficient FOR THEM.

I like the idea of multifamily over single family but I will go whichever way the money works out better.