@Hitanshu Shah-congrats...assuming the 4 plex will be a rental - your best bet will be 25% down and likely a 30 yr fixed program ....if you plan to sell or refinance  the loan within a few yrs - focus on the option  with the lowest loan fees 

I bet jurisdiction architect is more qualified to determine requirements.  

You bet!

@Leah Smith DSCR that allows STR income is likely your best bet.

You best bet for duplexes are going to be East Dallas and North Oak Cliff.

The only way it would make sense to have little cashflow is if the location is PRIME and you are betting on appreciation over the next 5 years. 

But take actionable progress in the area's you identified you want to bet on.5) Have some conviction the direction your going, #1 will save you from some mistakes.

I think MBA makes more sense in CRE, but I bet they're not hiring right now due to the crisis that we have right now.The sector is so minuscule, so I'd guess the MBA is more useful if used in different sectors, like management consulting, for example.

I suspect at 5 million cash investing in long term municipality bonds at 3.5% yield (but tax free) which gives 175k/yr post tax is probably your best bet, but it depends on what lifestyle you want.

Bet with your income and LCOL you generate $2M+ on that alone.From there think about how you want your wealth to look at that time.