@Blake R.From my experience, land investing is a low-cost, flexible entry point but lacks the cash flow and quick appreciation of multifamily properties.

I am just worried this might be a mistake as it as a high cash flowing property and my mortgage rate is a low 3.125%.

Rates are pretty low, maybe $30-50/night.

@Chris Kay it's VERY difficult to cashflow with 0% down purchases.We do 0-10% down Land Contracts and know going in we may actually have negative cashflow - which is acceptable given the low down payment and avoiding mortgage costs.

I can though pick out a disgruntled low level Employee though or a Shill/Troll. 

I have no doubt he'll transform this entire corridor in the coming decade so I'm also looking closely at Hornsby Bend, Del Valle, and anywhere in the general vicinity.These are my top two areas where you can find low entry price points relative to both current and anticipated market fundamentals.  

Transitioning to a Second Property with Low Money DownIf a second FHA loan is not an option, here are alternative strategies to minimize your out-of-pocket expenses:Conventional Loan with 5% Down: Once you’ve added equity to your current property, consider refinancing into a conventional loan to free up your FHA eligibility.

Real estate is a very capital intensive industry and if you do not have the money the odds of success are very low - it is no different than starting any other business - how many people do you know are successful when they start with zero?

., too low.  

If you have a 9% rate and you need to get down to the low  7s and cash out, then maybe it could make sense.