This is my first time hearing about DSCR loans.

I just did three loans up in the Jasper/Big Canoe area near you and we have a real estate investment arm that has JV'd a lot over the past decade+.

Some of the other people I would want on my team are contractors, insurance advisors, bankers, loan officers, asset protection attorney, business structure attorney, home inspectors, a closing attorney, and title company.

The plan is to live in it for a cpl years so right now I’m assuming my best bet is a tricky FHA 203k loan.

Likely an FHA loan.

For instance, you would be able to obtain a loan at less than 10% down, while a rental purchase would require at least 20% down.The down side to moving into a home is that you would not get to have LLC vesting.

He said he’s from Freedom Loan Service Corp but it’s a gmail account. 

Doing ground-up construction, where you buy land find the builder, and get a construction loan would be very difficult due to the deadlines of the 1031. 

If they can JV with a land owner who is not crazy and potentially litigious then that can be ideal, especially if they will be the ones to be the guarantor on the construction loan.

Your Realtor isn’t responsible for your loan, nor any part of the closing costs (except their commission.)