Obviously this is an investment as once she is finished with school she will make more money, but realistically we are looking at the next 4-5 years being pretty tight on cash from only me working and paying off the debt.Is investing even feasible with low amounts of cash on hand?

I find it strange that you are concerned about the hobby farm payment to be a little tight but are okay with the risk and expense of buying a second property.  

That being said because it is a government program they are very tight on their rules.

Ask questions and drill down on a few big ones and you will find some weak points if the ship is not run tight. 

I did, but it does not state a deadline.

Thanks everyone  Hi Alex,Local to you in the Boston area, its definitely become saturated over the years so a lot of the times financing is tight.

This is so you can bend it in tight spaces like your situation.

For this transaction, the timeline is going to be too tight.

If they talk about professionalism and present a very tight, buttoned up presentation, i.e. - good on the phone, great with the answers, everything sounds almost too good to b true, but when you meet in person what you see doesn't match what you heard, then that is an issue. 

I have a 50k note on them and paid $670k, we're a buy and holdwe have 20 properties now and it's very intriguing to sell for sure as we are about 20% leveraged overall but we're holding tight and keeping a good cash flow