Also, consider the potential for appreciation and rental restrictions, as some HOAs have rules that might limit leasing later on.Given your $20k starting point, a condo could work well as your first step into real estate, especially if you focus on one with a manageable HOA fee and potential for appreciation.

I know certain areas where I live are limiting those types of permits, etc.

In my limited experience, HML may not care too much about your credit but they will care about your, presumed, lack of experience.  

The sky is the limit once you are financially free!

One false move on your part could jeopardize your entire claim and expose you to potential liability.

Always keep personal and business accounts separate, document all transactions, and consult a CPA or attorney to ensure compliance and maintain liability protection.This post does not create a CPA-Client relationship.

Maxmimum loan amounts for FHA are the same across the nation for the most part except for the high cost areas of the west, east coast, or specialty markets like Aspen, CO Los angeles, New York, NY, and others as they have higher limits for 1-4 unit FHA loans.

Using a Self-Directed IRA (SDIRA) allows pre-tax dollars to grow tax-deferred in real estate, but limits flexibility due to IRS rules and potential UBIT on leveraged properties.Investing through a Roth IRA offers tax-free growth and no RMDs, but funding limits and restrictions apply.

It could be real and if so, you acted on it when you knew about it so I don't know how anything else could be expected, but liability is a different story.

It’s crucial to stay disciplined here, as overspending on land can limit the funds available for construction and other expenses.Development Scale: I’d recommend avoiding developments in the range of 4-50 units unless you have a very specific reason.