The commercial loan will be 3-5 or 7 years then you’ll need to refinance.

Do I now need to change our elected status or tax classification to be a disregarded entity?

or, you were going to put down 25% and finance 75%?   

Pre-construction homes, which could build $50-60K in equity within a year or two.I can afford a 20% down payment, but I’m torn between focusing on equity (pre-con) or cash flow (resale).

Is this a Rehab deal or a cash flowing property?

And that also doesn't include principal paydown or appreciation. 

Quote from @Paige Gardner: Does anyone have Any HML recommendations I'm a beginner and want to get started right away but want to weigh my options  Local to your market, happy to connect to help or point you in the right direction.cheers!

Long term/ short term rentals would work, ideally in the $400k range or lower. 

They don't require employment verification, income or tax returns.

He is right, guarantee or not, Joe owes you the money back