If you want to start before the house is finished, consider a bridge loan for short-term financing or explore hard money lenders for quicker access to capital. 

As for the 2 options I think option 1 is a much better option long term.

The buyer and seller agree to the terms of a promissory note that details terms like the loan amount, interest rate and amortization schedule.

Here's some guidance on buying your first investment property in Southern California or Columbus, Ohio:Down payment:For investment properties, lenders typically require 15-30% down payment on your first investment15% down is possible with excellent credit (700+ score)20-25% down is more common, especially for multi-unit propertiesSection 8 considerations:Pros:Guaranteed portion of rent from governmentPotential for longer-term tenantsMay be easier to fill vacancies in some areasCons:More paperwork and inspections requiredRent amounts set by local housing authorityPotential property damage concernsOther tips:Research local markets carefully - price trends, rental rates, etc.Factor in all costs - taxes, insurance, maintenance, vacanciesConsider starting with a single-family home or small multi-unitBuild a team - real estate agent, property manager, contractorsHave cash reserves beyond just the down paymentUnderstand landlord-tenant laws in your chosen locationI'd recommend talking to local real estate agents in both areas to get more specific market insights.

Their SDIRA company has agreed to do this... so long as the divorce decree spells out this requirement explicitly. 

My VAs even hire more VAs when they need tohttps://www.biggerpockets.com/forums/530-short-term-and-vaca...

Medium term I would likely look to combine the middle and lower units.

Who has the best rates on DSCR Purchase or rate and term refi (without charging crazy origination - preferably 2 points or less)?

I'm pretty open about my out of state investing and share a lot of resources, performance metrics, etc.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.