Once you have an FHA loan you are not allowed to have another FHA loan unless relocating a great distance for work.Now that you have exhausted your Low Down Payment Options (Portfolio Conventional and FHA Conventional and FHA) you will need to use a Standard Conventional Loan and put 20% down to get your 3rd Duplex.The sky is the limit...you could continue to buy properties and build an empire or just stop there and enjoy more free time...I have friend who quit his job and just manages his properties now.Keep in mind that this 4 step process I outlined takes time (anywhere from 1 to 10yrs depending on the person) so keep the big picture in mind but don't let it stress you out too much.

We put our money where our mouth is as we are large investors in the Inland Empire ourselves.

I live in Southern California - around the san Gabriel-Pomona Valley-Inland Empire area.

Hi BP, I'm new to the Southern California area, and I'm wondering what are some of the best way to find great wholesalers in the OC or I.E. area? Thanks in advance(Keywords: Flipping, LA, Los Angeles, Wholesale)

Also check out Joe Neilson the real estate professor. he has a good book on how he created a rental empire. 

I want to build these on lots in the Inland Empire of California and sell them but I want to ensure 1. they'll appraise like a stick-built home and 2. my buyers will be able to get financing. 

One federal court of appeals held that such a blanket ban violated Title VII, stating that it “could not conceive of any business necessity that would automatically place every individual convicted of any offense, except a minor traffic offense, in the permanent ranks of the unemployed.”Although the defendant-employer in that case had proffered a number of theft and safety-related justifications for the policy, the court rejected such justifications as “not empirically validated.”

What if your real estate empire was alive with self-managment and could live beyond you and your wife's death.  

Good luck with your new empire!

You’ve seen the internet ads and videos of how to create your own little real estate empire and retire young and rich.