I am going to be the financing arm of a new build and sell business.

You could try selling as a seller financed deal..20%+ down to cover RE costs and balance to seller..He would hold a private note for 2-3+ years and be taxed on the income.

Specifically, we're exploring whether constructing a duplex and triplex or two duplexes would be the most profitable option.

Read up, tune into talks, and watch online classes about different methods in investing, deal checks, finance options, and taking care of property.

Although it is not a home run, it is a base hit, and I will take a base hit all day long How did you finance this deal?

If you have done many deals with some creative way to finance the deal or sub to, and if you have strong exp and tons of success to win over a competing MLS deal. 

I have definitely thought about investing out of state and plan to explore that option once I can get my feet wet here in Long Beach. 

Cleveland, Ohio is also not a bad option. 

And this means the deed must be allocated appropriately between the tic owners.If you're buying the property under your name and are trying to get primary residence financing that is where you may have trouble with the lender. 

Is there an alternative finance method to buy the property?