After you get past your fourth loan (for loans 6 through 10), you are going to need to talk to a different type of bank who can assist you in achieving your goals. 

The appraisal and market study forecasted that it would take 18 months to achieve stabilized lease-up, which was considered to be somewhere around 80% occupancy. 

I'm not sold on the idea of trading my time for money until the day I die, so I'm pursuing buy and hold rentals as a means of achieving financial independence.

First I should say that I'm not an attorney, and secondly that I have no first-hand experience with any case law directly on point. 

@Billy L. and several others have asked me why I like the Stockton market, so I figured I'd share my perspective on the market and an example of how I achieve a 13% cash on cash return.

I know this will be a lot of work for many reasons but will do my best to achieve it within 10 years.I look forward to reading all the tips people give and taking in whatever research I can.

or bad (if you bought those SFH at the peak in a sub-market like so many cities in the US today, you're underwater still).Not to say you can't achieve diversification with RE as well (i.e buy a REIT); to me, for pure income / cash flow, that's my preferred direction (buy a REIT; I get good diversification, it's property managed, I don't have to worry about maintenance or repairs or whatever else; just a solid cash flow / income stream in the asset class (apartments, shopping malls, whatever else) that I choose).For appreciation though, I think of RE like picking individual stocks or a business to buy; if you have the time, the skills, and the patience - you can make outsized gains compared to the overall market.

The primary goal is to househack the 1st deal to gain firsthand landlording and property management experience; then refi out and repeat.I'd love to have positive cashflow from the get go.

Ideally we can encourage, educate, and challenge each other to achieve more than we might otherwise individually.And, hey, if after a few meetings we decide it's not working, then that's fine too. 

Which makes your selection of builder that much more important, you will have to connect with them on a more personal level to achieve your overall goal.