Also, there are construction loans that pay for the entire build project including land. 

A lot of manpower is lost.As we approach our busy section 8 season (for us April - July) I am looking for better ways (more affordable and efficient options to the investors bottom line) to plan for and execute the workload which may include hiring someone that has section 8 experience to handle our CHA inspections(and associated maintenance work) or a company that we can outsource when the weeks get slammed with inspections. 

I was wondering if I paid the $29,000 difference(not including my percent down) could it still be eligible for a conventional 3.5% down FHA Loan?

Rather than simply accessing part of the equity using a cash-out refi you could sell one of those properties and use the proceeds (now with 100% of the equity available including the deferred tax) to purchase two replacement properties.  

I meet some of my most influential connections at these meetups including fellow investors, mentors, lenders, contractors etc.

Some MICs in Canada may diversify their portfolio to include anything from smaller second residential mortgages to mortgages for commercial development properties.I have found in my experience working with B lenders (i have a long list of them) is that each MIC has its own investment strategy. 

You’ll learn how to:🤝 Find great tenants and build productive relationships💸 Maximize profits with rent pricing, expense management, and tax strategies🛠 Streamline property maintenance with time-saving tacticsPre-order now to break free from the daily grind and make the most of your investments!

If I did, all the above, 2 tenants will end up paying nearly $200 more per month, not including a possible pet deposit. 

Is this "peanut" profits for a single family home once including a property mgmt company?

Relationships break down when one side feels like the other side screwed them.I'd be happy to talk more about this if you are interested.