@David Greiner the most common "porfolio" or "commercial" loan in my market is a 20 year, Adjustable Rate Mortgage.  

More commonly used in commercial but why not in your case.

When considering an area such as Austin or Round Rock, a lot of those common metrics support the likelihood of continued growth. 

I looked into HELOCs but from what I've read they aren't very common on investment properties and even less so in SC.

If you choose to work with people who have investing experience, they should be able to help you avoid common pitfalls.

Actually way more common than u think.

Jesus didn't take on the common feelings that others had toward tax collectors.

Then you would need just the common construction loan.

Boston proper and most areas inside RT 128 were well under 1% - commonly 0.5% - 0.8%.I'm seeing much better numbers here, and unlike Mass where a "professional (deadbeat) tenant" could tie you up in court for a year, in Maine I'm hearing that the absolute worst case scenario is 45 days.

The other way is to sell it as a TIC which stands for Tenancy in Common.