I am looking at a large tract of land (over 30 acres) and want to know what are the best options on financing out there.My objective in the financing is to keep the payment low so my debt-income to stays low to enable me (or not prevent me) to acquire more SFH/STRs utilizing my remaining FHA loans over the next 24 months.I am a person with outstanding credit and no consumer debt, so the local bank offered me 6% with 30% down on a 20 yr note. 

Take your tax free equity and purchase a property that aligns more with your financial objectives based upon lower payment  / appreciation / ability to keep purchasing more rentals.My thoughts

I would say it really depends on your objective: If your objective is cash flow and you are not really going crazy with debt than time isn't really a factor.  

Anytime a tenant objects to an increase I show them the comps, I never discuss my increased expenses because that's not their problem and they will tell you so.

These can be summarised as follows: What are the objectives of the joint venture?

We’ll see what the seller says to our objection, but either way, that cost won’t be on us.

From there, there's an FHA play, or potential seller financing, depending on your current position and objectives. 

This way you can objectively know if you reached your goal or not.I have also listened to many other people, podcasts, and trainings where they mention to write down your goals and to share them with others for accountability purposes.  

Don't waste your time chasing shiny objects.

A soft market strategy with selling being the objective.