If you need to access equity for a second investment property, a HELOC would be a better option.Currently, many investors in long-term loans are seeing reduced cash flow due to high rates, taxes, and insurance.

I would suggest looking into a low down loan, preferably conventional over FHA.

You should get an attorney-prepared lease fit for your situation.

My plan will be to purchase a vacant land with cash and finance the home build through a private money loan.

Jeez, tough situation.

That is because of the financing available with the owner occupied loans with the longer (30 year) fixed rate debt.

In these "quantity" areas, you'll have a very hard time finding a buyer who has a down payment and can qualify for a loan .This is an article Jack Miller wrote about the topic.Making money from the earnings of poor people is like getting orange juice from an orange tree without any oranges on it.

With these interest rates, if you can find a house hack situation that you are paying the same, slightly less, or I'd argue even slightly more, then I think it can be worth it for these reasons.1) You will get to live in your preferred location.

The Solo 401k also allows for participant loans.

Know how to fund your buys (bank loans, personal loans).