I agree with everything in this post and if it was a month ago I may have agreed with everything in this post (and I gave it an up vote).

My vote is option one.  

Using this method, we will have our home paid off in about 2 more years AND will have a massive HELOC we can use to scale even more. wht are you going to do after the mortgage is paid-off ?

We develop and consult new developers through the full cycle of development.Financing differs from project to project based on your equity, land cost, construction methods, etc.

Local Investment StrategiesHouse Hacking: Given the affordable entry prices, Albuquerque can be a great place to start house hacking, especially near the university areas.BRRRR: For those familiar with the Buy, Rehab, Rent, Refinance, Repeat method, there are opportunities in Albuquerque to purchase under-valued properties, especially in areas undergoing gentrification.Airbnb/Short Term Rentals: As previously mentioned, the city's rich cultural appeal can make certain properties lucrative for short-term rentals.

They said did not need their approval to turn their money over to new GP's but we will let you vote anyway.

If you haven't connected with local people in your market there are several methods here.  

Here is the Collin Hays method of buying the property at what you want to pay:Don’t ask the seller what their best offer is.

My method has always been to call every listing that hit 90 days on market in areas that I want to buy.

Medford also just voted to increase property taxes which is another reason to act.