Listing as on market for 3 total before pending. 

Agree with @Joe Villeneuve#2 is a total loser.

stated income loan would be your best bet but you would Max out at  75% LTV and rates would be higher than a conventional loan

Coming from a farming background I think your best bet is option two.

I had to immediately repay all of the loan OR take it as an unqualified distribution (pay income tax and 10% penalty on total outstanding on loan).

I.E. if the property to purchase is $1m, down payment is $200k, and I have 3 investors putting in $50k each totaling $150k, and I use $50k of my own money, what are some optimal ways to setup the payback of the $150k outside money back to each investor, in the best/quickest way so we can roll into more properties at the fastest rate or deploy the money elsewhere, quicker?

But I’m afraid I’ll play the safe bets and there are only two options. 1) Purchase to short term rent in an accepting community.

Your best bet is to be close to public transportation which is plentiful in NJ and to househack to optimize finances.

After this I am totally in the dark!

@Mariano Coccoz, of course, it'd be better if the total project cost could be kept to below $217k, right?