You'll get 30 years fixed with a rate of around 4.25 but you'll need your income to qualify. 

I am confident in my skills but i feel they would be sharper if i would have taken the position on that team. 

@Nghi Le - That is great news :) I have contacted a couple of them and I was told that a credit check was required and that I had to have a certain score in order to qualify, so I decided to ask everyone on BP.

Let's say I have a low enough income to qualify, and want to use it for construction.

I think multi unit buildings qualify if owner occupier.

You can't discriminate based on income source so if a person qualifies with the section 8 subsidy, you technically have to accept them.

If I go the conventional mortgage route and finance for 30 years I would qualify for the lowest interest rates due to my superior credit.

This is my primary residence, so it doesn't currently qualify for a 1031 exchange but I'm looking into making it a rental and what that would look like. 

If you are serious about REI, learn how to wholesale no matter what direction you will go into.With wholesale skills you will have access to amazing deals.

I have no idea what steps i need to take or if i qualify for a loan that big.