Tax implications I would be sure to talk to your CPA with about. 

I've heard a lot of people talking about House Hacking.

I would stop talking to this lender immediately. 

I assume you're talking Building Dept Inspectors?

Depending on how you want to aquire the property, or flip, or whatever I think you need to strategize how you want to acquire property first then come up with the number based on a percentage of down payment + closing costs of the house prices you are targeting.5) Talk to a few local bank lenders and see what first time home buyer programs they are offering.

don't start with a flipstart with a house hackhttps://www.biggerpockets.com/forums/88/topics/1173853-3rd-h...talk to a CPA about the tax situation

In all these RE classes/books/podcasts/etc they talk about developing your team and a tax person is certainly an important part of it. 

Thanks for the response. talk to the commercial department... they typically don't have limits.

I recently own approximately 1.5 acres of commercial real estate zoned R-3 moderate density multi family in Green Bay WI.I talked to a developer who estimates site fully developed could fit approximately 3 buildings of 12 unit apartments.

Talk to your CPA / accountant but if you are in texas and buying in texas, they incorporate in texas.3.