But let’s go a later deeper - my down payment would come out of a well performing stock portfolio.

Real estate has always been in the back of my mind as a way to increase our wealth and provide for our family.

I'm definitely open and interested to venturing well outside SFH.

Based on the numbers you provided, these are well above the debt service coverage ratio of 1.25 hence from a lenders perspective, this is loanable.

The key for me wasn't to invest in the 'best place' but to know a market so well that a deal jumps off the page when it appears.

@Aaron SalladeJust remember if there are any other outstanding debts / lawsuits or future lawsuits with the trust you would be assuming those as well.

I know the cost of land has to be 1.2 million max for 2 acres. that's going to be rare in South Florida but may be possible or it might be more north even past palm Beach county since land is so scarce. but talking to a developer or getting clients and building your needs list will help a lot. depends if you want to work commercial or residential as well 

Id like to enjoy another stream of income to eventually phase out my day job, so that I can focus on acquiring commercial properties as well as a business or 3.  

This works really well especially for BRRRR's because you can cash out refi.  

I also assume you’re investing in an area with increasing rents so look at 3-5 years out with increased rents an it better cashflow well if rent isn’t stagnant.