I went to lumber liquidators and requested that I can have a personal commercial account.

We only have the liquid funds to put 3.5% down for the area we are looking which is why we are thinking FHA. 

So qualitative factors like having liquidity from not exchanging might push you in that direction. 

I don’t currently have the money to just pay it off but considering if I should attack the loan over the next few years or save liquid funds for future deals. 

I did this several years ago in order to diversify out of Ontario.The LTB issues scared me to the point of liquidating properties.

Continue acquiring properties in promising markets to build your portfolio while keeping an eye on interest rates to potentially refinance your high-interest loan for better cash flow.Save capital to maintain liquidity, allowing you to act quickly when market conditions improve or unexpected expenses arise.

Typically, they'd be looking at your FICO score, experience, and liquidity to qualify you/the property. 

this is a toughie. hard money specifically is equity-driven, meaning they'll likely want 40%+ down to even entertain the deal. additionally, land without improvements is often very inexpensive (relative to land with improvements), usually pushing below a threshold which makes sense for a hard money lender. if you're not intending to build right away, then i think you'll have the best luck with private money instead of hard money. usually higher leverages than hard money, and more negotiable terms.if you are intending to build on it pretty right away, a ground-up construction loan could work, but those will typically require some ground-up construction experience (on title on other ground-up deals), or an extensive portfolio of heavy rehabs/ rentals/ strong liquidity. those will give you acquisition monies (to buy the land) and build monies (to build the improvements).

For Flips:at least 50% of liquid cash for unexpected expenses or cost overruns of the property’s rehab budget additional to downpayment financing, closing costs and improvement funds.Too often you hear investors blaming the realtor for their poor decisions.

Have good credit, 2 previous lenders who will vouch for me and can buy but trying to avoid tax hit for selling liquid assets.