Almost got a place in Tuscany back in Feb but couldn’t quite come to an agreement on deal terms. 

You're probably not breaking even, but if your subsidizing the property isn't breaking the bank, then holding onto it and waiting for interest rates to go down might be better.

The other option is to form an LLC prior and both go on the loan in terms of dual borrowers so that the land is used from one owner and the assets or cost to build is coming out of the other partners funds.If you do not own a primary home you can build a home with as little as 3.5% down but cannot use an investor for that option. 

Hey guys, I recently got hold of a company offering transactional funding for double closings at less than 1%.

For those using a LLC to acquire fix-and-flips, wholesale, or deals you don't anticipate holding long term:Are you utilizing your home address or a virtual business address?

We have a short term lease agreement for 6 weeks. 

Generally, for a long-distance investor, I would say long-term rentals are best.

I was looking to have it convert to a long-term mortgage and eventually cash out refinance to build a second duplex once enough equity built up 

well since banks basically dont do this kind of lending at all for 95% of folks.HML  PML or  money partners is the only way to do it .. short of using your own cash.

Ideally, he would roll the 2-3 million into a multifamily property to hold and cash flow from for retirement.