This is why we use HML with the BRRRR method.  

Then you choose the best method for your strategy on that property.Best of luck!

Im open to any options and would like to hear about various methods. 

Land is zoned C-2 which also includes R-3-3.

Welcome to BP @Ricardo R Barrera!

A simple method is to account for the roof, hvac, and hot water tank.

The cost of disposal will skyrocket in the future, so extending the life of existing disposal methods is lower cost in the long run. 

I had to check the CC&R's, ask a lot of questions, and found out I was number 18 of investors, with 2 or 3 more to go.

If on the other-hand, you use traditional syndication methods, To raise capital on a deal this size. 

My idea was to but this first home, using FHA while here save up all my money and pay down the loan to the point i do not have to pay PMI, and get a second home the following year, Using the same method.