This is my first time hearing about DSCR loans.

Let's use an example House in Spring for 190k, if you do it correctly and get a loan as an investment you need 20% down. 

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+.

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.

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

I do loans all the time on government leased properties and they can be great tenants.Mark

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.

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.

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.

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.