Question for you - now that you've had time to study and digest the replies, what is your take now?

Reaching out to the experts here in tony tract-built townhouses, but this may be of interest to anyone with kids.

Buy a timber tract with your Roth  use it for fun on the weekends let that timber grow and harvest it in 50 years.. you still own the land and you can replant and give to your kids or grandkids.. diversify. 

If no one knows who you are what good is it.Sure my answer was bit off tract but building a strong team is the key to long term success in this business.

When you buy you may have a tract of agricultural land. 

There are income caps unless the census tract the property you want to buy has demographics that eliminate the income cap.  3% down for single family.  5% down for 2-4 units. 

You bring up a lot of points, I read this a few minutes ago and needed a few minutes to digest.

@Brian EastmanThank you for the clear, easy to digest information.

Usually the rates are a little higher (figure at least 1%, might be less) simply because it's more risk for the lender, but the rate will still be far below hard money rates and if you buy right, the property should still be able to cash flow.As far as funding so many projects at once, it's up to you, but I would say if this is all brand new to you, it might be good to take your time and "digest" the first property, handle any surprises and develop/test some systems, before you go right out and add more.Particularly with where we are in the market cycle (getting a little toppy, definitely in other areas of the country and to some extent here too), I wouldn't necessarily be in a rush to buy everything you can get your hands on as soon as possible.I think caution is warranted now, and if it were me, I would urge you to get your first property fully under your belt before you look for the next one.

I think I get what you are saying but I'll need some time to digest properly.