Fannie's construction to perm loan only works for single family properties.I'd try to find a multi family property and renovate it using a 203K loan. 

On the one hand you could buy a turn key duplex or tri plex in Cleveland that cash flows decently, or on the other side of the spectrum you could MOVE to Cleveland, house hack a distressed 4 plex using FHA with 3.5% down (~7k), rehab this (~20k), then refinance out in a year using a local credit union to recover all of your money, all while BRRRR'ing another single fam house, then repeating the following year, to accumulate 15-20 units in a few short years, with the plan being to expand into mid sized multi fam vs syndication after that.

Also, one of the homes I was using as a comp was excellent (same style, general floor plan, age, sq. footage) but it had a pool in the backyard.

I have heard people recommend using a percentage of rent but that method doesn't seem practical to me for a variety of reasons.

Talk to your CPA and attorney to make sure you are doing this right even if you are using a little bit of a year as a primary then switching it over to the LLC. 

I have pulled some out, paid the taxes, and now get slightly better than 12% per year with no hassle via $1100/mo based on $100,000 withdrawn using a property manager.

That said, I'm currently interested in using a private equity model to acquire a long term portfolio of self-storage assets.

Also trying to complete as many deals in the beginning with using a small percentage of my own money.

This May my fiancée and I graduate college and will commission into the Air Force. Since we both did ROTC we each have access to USAAs career starter loan which is a $25,000 loan at an interest rate of 2.99%. If we ta...

Jacob,I'll throw my 2 cents in from the lender side...As @Mike Terry mentioned, using a HML can become less intimidating if the loan is over a relatively short timeline.