My strategy of interest is with buy-and-hold of SFHs and eventually commercial space. 

Goal is to create long sustaining growth and cash flow that I could eventually sell or use to eventually secure a retirement home and place of my choice! 

Wrong audience.Here’s the good news.Just like a lion doesn’t need to know where the prey is hiding—only where they’ll eventually show up—smart investors don’t need to guess who’s motivated.

I am glad that you are aware of your situation and are cutting your losses before convincing yourself that the numbers "will" work eventually.

Ehhh, would love to see you eventually mateWhat you doing in Theiveland?

While I’m based in California, I’m looking to begin house hacking a duplex, triplex, or quadplex in Houston, Texas, and build from there.I’m looking forward to continuing to learn, becoming a property owner, and taking full control of my time and life to eventually quit my 9-to-5.

This is what happens when you  listen on these deals month after month after month and eventually it starts to digest much easier :DHey, I do now have a question on this part:Also if you're using conventional financing, you will need to wait at least 6 months from your purchase date to use a new appraised value for a new loan.How can I avoid this if I were to do this?

3) Eventually qualify for a mortgage and buy a home?

They could fund some of the construction as well but eventually you would need to put in some of your own funds What you need is someone who is creative (like myself) to think out of the box to finance this deal.Happy to chat further

Don't need an LLC, which adds to the cost (for now since everything is in a trust and I have an umbrella policy for liability, eventually I will get an LLC where I can spread the costs out)I wanted to get everyone's thoughts on this.