I am planing to keep them as rentals, so I would like to get a construction/permanent loan.

If you're planning to hold the property long-term, I would definitely advise finding out about the commercial lending side of things ahead of time so there aren't any surprises come time to get permanent financing.

It's clearly a time for patience.NoVA may not be the best point of comparison to other places, since there is a permanent built in government job market and resilient property values.

Also, when you go to cashout refinance with a regular bank, does having those P2P loans on your credit report cause the bank to deny your application for permanent financing-even if you promise them your using the money to pay those loans off?

They are more expensive and have higher fees, but they expect you, to take them out via a sale or refinance to a permanent loan.

I work with trustworthy who are accountable for their work and will use the help of a placement professional if necessary to be sure I get the right tenant.For some reason making the property a safe, comfortable (and hopefully permanent) home for that person or family feels like a better way to direct my energy. 

@Dominique Le I’m helping quite a few people out from Bay Area purchase down here since their jobs went permanently work from home... a bit of a trend it seems.

Buy my 3rd home and make it my permanent residence and rent out the other 2 homes.

Basically you cant do it for anything other than failure to pay rent or taking the unit off the market permanently.   

Some certainly will, but a lot will remain in the city permanently.