The idea behind this isn't novel of course, but a way to circumvent the endless and crowded sea of opinions and narrative shaping charlatans that make their daily bread by deluding the curious minds of some vague one-size-fits-all approach... but oak trees don't grow over night. 

I own a property similar in size and in the same area.

CA when some of the larger big lot subdivisions were platted these were 20 to 40 acre in size.. many times you would have remainder parcels on the borders I bought one that I think was 75 by 2100..

You can create a "man cave" space pretty easily depending on the size.

as Update to this post from 6 years ago, there are heloc's on owner occupied 2-4 unit properties up to 89.90% CLTV or combined loan to values (meaning multiple loans but all together not exceeding 90% of the value).Terms typically areinterest only first 10 years and drawable from the lineyears 11-30 its Principal and interest payment Prime index/rate + margin (this portion is fixed but prime is not)underwriting is done assume prime + margin + 2% stress test for underwriting meaning if your prime + margin was 10% then your underwriting rate used to determine your maximum line you can qualify for would be 12% rate as an example based on principal and interest payment over 30 years or 360 monthsIncome is the main determinant of your qualification and fico min 680+ is just the min score to get through the "front door,"Maximum DTI or debt to income allowed is 45% DTIMaximum lines on this product go from 500-750k so you can get a decent line size that can actually buy other BRRR's or fix flips and deals.

Mostly we have six- and 12-unit size buildings, with a few courtyard type deals that have 30-40 units in them. 

I was recommended to Guardian but they don't service properties under a certain size anymore.. looking for help for my duplex.

To get into real estate investing at a young age with strong credit, think about plans like living in one part while renting the rest, making friends in the field, beginning with bite-sized properties, using savings and credit well, and eyeing areas that might grow.

Obviously, a ranch would be the best, size has to be big enough, with plenty of space for parking so families can come to visit, and if it's located at an easily spot location would be even better. 

Purchase price: $205,000 Cash invested: $175,000 This was quite the rare deal in the South Philly neighborhood of Point Breeze, located a few blocks south of Washington Ave and 22nd St this corner property while only having a lot size of 16x64 was 2000 sqft!