Examples - owner occupied loans for house hackers, specific market knowledge (ie - friend of mine that ice fishes and bought a short term rental cabin in an ice fishing spot that you and I would never know of), ability to do renovation on your own or cheap, contacts with local companies or organizations that would be a tenant source for mid term rentals, ways to source off market deals, etc.Whatever it is, figure that out and get started.

Are you saying that for one year after a property owner has lost a home in a tax-deed sale, they can still get it back from the person who bought it at auction if they pay off all fees related to the property?

I have a great opportunity for lending since my restaurant is already well off and they would consider the businesses financials for the loan.

Personally, I feel you should start off with understanding what actual reality is.

Although I think you’re better off doing the job you have now.

Once construction is completed and cash-out refinance complete I will pay off the seller I financed the land from.Is this feasible?

Whenever I've done seller-financed deals, I've offered something a little more to the seller such as a higher down payment, higher interest rate, quick close, reduced contingencies etc. to sweeten the deal beyond a normal sale, and I've shown them proof of funds that I can pay off the property in cash, so that helps give them peace of mind that I'm a credit-worthy borrower.

You may also get lucky and be at 80% LTV to drop off the FHA MIP monthly insurance.

I can answer here since I think we are getting a bit off the rails.

Are you thinking that you will live exclusively off the cash flow of your rental?