Another thought - are you considering an FHA loan on the next one?

I would recommend talking to many lenders/brokers to see which one has the most experience funding these loan types. 

@Felicia NituAlso not sure where you are getting 4.95 valuation on a development like that on one lot.

Meaning investing $200k to build one will likely not increase your value by $200k.

Yeah, I saw that dozer video too, that's a big one!

Also I have not worked out the financing yet. if I just use my cash then the Cash on Cash drops to 8 or 9% and that would be below my Cash on Cash target.Generally speaking and of course just numbers I picked out of the air for reference when running numbers in my head, I am looking for Cash on Cash greater than 15%, high probability of long term occupancy, and no expected major Capex for 2.5 years after purchase and purchase time repairs which I would add into the cash on cash evaluation before pulling the trigger.So there are some more details to be worked out in my head but being it is my first one and only learning what I could from youtube videos I thought I would get some feedback.With all that said, in my head it seems like it could be a good start.Thanks again Jaycee and Gavin for your feedback.

When one machine goes down you start losing money in a small way. 

This is where you live in one side.

I am under contract for a property out in Columbus and they are one of the few property management companies I am considering going with! 

One housing authority wouldn’t even entertain the request, while another was open to it because it was an affordable housing property, requiring just an application for the exemption.From my experience, dealing with government agencies, especially when trying to save money or get financial benefits, can be a slow process.