I'm weighing the options between renting to a Section 8 tenant or a traditional renter.My goal is to rent the property for $1,100 to $1,200 per month.

I can and will eventually work again (I'm an architect and psychologist), but would first like to explore my options that would allow me to develop this investment full-time.

You obviously know real estate and are a successful realtor, so you are in a great position to start focusing on your real investing goals.

I am new to real estate investing and am currently on my path to getting my finances in order so that I can position myself to be able to invest and to get rid of some bad money habits.

My first investment was a Sandwich Lease Option. 

Another option is going to be looking for off market deals, but they are going to want all cash or hard money loan, which you could do for a year and then refinance it once the property passes inspections for a long term loan.

I will speak to my CPA on his thoughts and see what my options are.

Do I have any other options that maybe I don't know about? 

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?

Unfortunately what they don't ever tell you is that they want the "gift" back when you sell the property.1031 and death are two options (I'm sure one is more preferable).