Jerrell,That would be a pretty simple process you could use a renovation loan or do a cash out refinance. 

Our goal is to design/build a house that can legitimately be a big SFR or a Padsplit property.

PMLs exist, there's zillions of them, real estate investors work with them every day and PMLs fill a need and have a role to play as a specific tools for a specific situation.See if you can put a sharper point on your question.Mike Thanks for this Mike! 

We had enough rich friends hear what we were doing; it felt like we cracked a code - a vacation property that made money.

If you are looking at 4plex you can enter that project with as little as 5% down if you buy it as a primary meaning you will live in one of the units.

You would be in a losing asset.

I don't believe the tear-down costs would be added to the owner's property tax bill when there is a condemnation.

It might take a couple of years for you to really be in a place to go on your own, but a mentorship, internship, or even just getting hired at a larger flipping company would be a huge value to you just getting into this all!  

Just let me know and we could do a call or virtual meeting. 

I recently completed a major renovation on my property financed through a Fannie Mae HomeStyle Renovation loan, and I'm now looking into options for removing Private Mortgage Insurance (PMI).