We are looking to develop 10 (3 unit) multi family buildings on the land, I own a construction company so I'll manage every aspect of the project and finance it.I am having a hard time structuring a deal like this, that works for everyone. 

It's a 2 unit property.

In our local market many areas have extremely limited options for rental properties and units priced appropriately are typically filled quickly.

There are literally tens of thousands of these unit types that still haven't been retrofitted across SoCal.

Investment Info:Small multi-family (2-4 units) other investment in Los Angeles.

They can only be one unit homes, can't be in a time share, and a few other little details.Now, the benefit to using Fannie/Freddie money to purchase a "Second Home" is that the downpayment is lower and the rate is lower. 

One property is a 1BR/1BA 450 sq ft unit with one tenant, and another is a 4BR/2BA 1450 sq ft unit with 4 tenants.

Reputable full service property managers will also get your place “airbnb” ready furnishing/designing the unit to make it ready for guests.

Investment Info:Large multi-family (5+ units) buy & hold investment.

Obviously with house hacking you may not move for a few years though unless you're adding units.