I have purchased my first home already!

A multi-unit property was purchased for $140k. 

The key to purchasing more real estate is by focusing on the fundamentals of the real estate.

He seemed legitimate at first, and I even had a few friends look over the materials he provided.

Maybe it isn't worth it, but you should consider the numbers and decide...that could push you towards purchasing another rental. - You mentioned paying down/off a rental and needing to consider the tax implication.

That unit with the waitlist is the only pet-friendly home (duplex) with a fully fenced-in yard accepting more than 1 pet, including larger animals. 

The best option would likely be a construction loan, which can cover both the purchase of the land and the build.

If there isn’t significant equity capture at this purchase price, and it’s not in a great location, this would be a pass for me.

I lived in LA for a decade and we have many friends, family, clients and community members suffering and send our sincerest condolences to all of those experiencing and affected this tragedy. 

I am currently looking to Purchase and Rehab a House in the North Dallas and DFW areas.I am eager to Network with fellow Investors and Professionals in the area to explore Opportunities for Collaboration.