Hello BiggerPockets community,First-time poster here!

What would you suggest should be the first five steps for someone starting out? 

I’m currently looking for some advice on purchasing my first full time investment property.I bought my first primary home (single family) in 2016 with a FHA.

Thanks for the response, I assumed a primary residence mortgage would have the most favorable interest rate so that’s where my question was coming from.

What is your current interest rate on those various lines of credit?

However when I first I submitted a draw request for single family home the lender rejected the project management fee claiming  it was not included in the approved loans budget. 

I'm in Louisiana, so this is understandable, but this is my first. 

Cap rate 9.2%, Occupancy rate 68%.

What we do at the bank and with most banks is either get your builder approved or we can provide you a list of the already approved builders that have built successfully under the program.If you trying to get started the first thing is get your Pre-approval set up and start the processing.

This can be a huge time and cost saver, especially if you’re managing the property remotely or using property management.Energy Efficiency: New buildings are generally more energy-efficient, which can be a selling point for tenants and lower operating costs for you.Builder Warranties: Many new builds come with warranties, providing some peace of mind for unexpected issues within the first few years.3.