In addition to using your own funds, have you looked into securing grants to "stack" the capital you have to still acquire properties?

If you move into a property acquired through a 1031 exchange and make it your primary residence, you may qualify for the capital gains exclusion under Section 121 (up to $250K single/$500K married) if you live in the property for at least two of the last five years before selling.However, gains attributable to the time it was a rental property remain taxable (non-qualified use), and depreciation claimed during the rental period must be recaptured at a 25% tax rate.

Did you know that you can acquire your a primary residence from up to 1-4 units for as low as 5% with conventional.

If you find some good deals you could use debt to acquire more doors to get you to your cash flow number faster (your option 2).

After the property is acquired, during any 30-month period, the additions to the basis need to exceed the adjusted basis at the start of the 30-month period.What is the 50% of gross income test?

By gaining insight into the investor’s goals—whether it’s flipping properties, acquiring rental units, or developing new constructions—the broker can tailor their approach and identify the most suitable lending options.Once the broker comprehends the investor's needs, they leverage their extensive network of private lenders.

I am looking to either buy land or a tax acquired property to fix and flip for my first deal.

Lowering the primary mortgage payment is the ultimate goal, not acquiring new properties. 

Approximately 30% of this area is made up of vacant lots, creating a prime opportunity for real estate development.Griffin Modern is taking full advantage of this landscape, acquiring lots for under $10k and developing homes targeted at young, first-time buyers as well as investors.

Really itching for it knowing how much faster and easer it is to acquire properties.