But some loans require that the property be occupied by the borrower for the first year.

Unless you can do some damage with about 30k which is how much you can potentially get based on your estimated value and remaining loan amount.

You need to talk to a Banker or Loan officer to go over your credit and see what you have in savings.

I am currently seeking equity partners and/or personal loans as viable options. 

Is it feasible to obtain a loan or a good old boy agreement where a lender offers 100% financing for both the purchase price and construction costs at hard money rates, secured by a second position on the borrower's other properties?

.- Principal debt paydown: tenant paying off your loan.- Cash flow.Once the above are all added up, your true Rate Return will by far exceed your returns with stocks.Now regarding the different type of real estate, that depends on a lot of factors and mostly on your financial goals and where are you in life today.

Finally, create a detailed financial plan that includes your home buying budget, loan arrangements, rental income and expenses to ensure that the investment remains profitableThank you!

Check in with @Joseph Chiofalo for 5+ unit loan programs.

I was simply pointing out that Fannie/Freddie have carved out 2-4 unit projects to have NOT have the rigorous requirements of larger projects require for the GSE's to make a loan for a unit.  

https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...