Additionally, if anyone has experience financing real estate investments in Memphis or knows of any local resources or experts who can provide guidance, I would be very grateful for any recommendations.Thank you in advance for your help and guidance.

Also, once on title, what are my construction loan options?

Quontic Bank offers bank statement loans with up to 90% LTV. 

What details would you want to provide for a better answer?

Most commercial loans are based on income. 

Hi William - just wanted to share an article I wrote about DSCR Multifamily Loan Options and Pros and Cons for this exact need (5-10 unit multifamily). 

About 1.5 years ago, I purchased (conventional loan) and have been living in a 3x3.5 townhouse with a family member (brother) in a first attempt to start building equity through a house hack/BRRR strategy. 

I would say 80%-90% of buyers are owner occupied and per their loan they have to move into a unit within 60 days of closing. 

You do still have to have verifiable income history to get a loan, but it's more attainable for someone your age because of the low money down.I'm in the process of buying my first house hack right now at 23 and the lenders that I've worked with do take the income history seriously.

It must meet the requirements per the building code IRC (I think Massachusetts follows a modified version of the IRC) you must provide the required amount of light, air/ vent, and egress.