So, I was wondering if I can get a USDA construction-to-perm loan first, construct one home, then get an FHA construction-to-perm right away to construct another home while I live for one year in the USDA home (they will be on the same land which is properly zoned, but I haven't bought the land yet).

@William MurdenIf there is a broker involved they might have looked at the supply index but I've rarely seen brokers do that and even then I'd do my own due diligence on it.I recommend picking up a copy of the Self Storage Almanac from Mini Storage Messenger.https://www.ministoragemessenger.com/product/2018-self-storage-almanac/As far as doing your own research on the supply index, @Mark Byrge is correct.

Wouldn't a 4-plex be more profitable, if proper speculation before purchasing the property was taken into consideration?

Even with a small amount of capital, please provide your investors proper disclosure. 

A key difference with section 506 investments concerns the products themselves: they are not regulated by the SEC and Investment Company Act of 1940 which governs stocks and mutual funds.  

It would take some finagling but with a properly motivated seller it could work.

@Kyle Ferguson If financing is your issue, network with a successful mortgage broker who can is knowledgeable about the various products available to you in your area.

I suggest you consult with an attorney regarding proper structuring of such partnership so that each parties interest is protected.  

Unfortunately I haven’t really put my degree to proper use.

My question to the BP community is what could the city do to an owner if they weren’t properly served?