A lot (not all) of new people are so eager, but this is a bad time to be eager with high rates and low inventory across the country.

There' s a buyer who will credit me the value of the lots towards a finished and tenanted property in their inventory.  

Note that FHA can be a great option at 3.5% down but don't rule out the 5% down conventional option either. 

Here is south Florida the market is so competitive prices are going up so fast with low inventory.

As far as refinancing, you can either do a conventional loan where they use your debt to income / DTI to qualify or you can use a DSCR loan which structures the loan off of the rent versus income ratio.More info on DSCR loans: DSCR loans won't use your income to underwrite the loan. 

Lol.So, would you have preferred start with something like seller financing deals instead of conventional loans?

What are you considering a "conventional" loan vs. a DSCR loan?  

If you can go conventional, go that route first.

That's the predicament of using conventional financing.

Pros of RE:- leverage (can house hack and put 3.5% down FHA, 5% or 10% down conventional loan if you live in one of the units, 2 to 4 unit or buy single family, live in it and rent out each room and buy a $500,000 or $1 million asset).