If not, you are fighting two wars simultaneously.

Sell the multi family, purchase the vacant land simultaneously with a construction loan for a new investment property  which would be equal or greater than the sales price of the multi family. 

If he were to use a 2nd FHA loan he'd subject to a series of rules that would be onerous (such as 25% equity requirement on the current fha property, and he needs to meet 1 of the 4 exceptions outlined by FHA to use a 2nd FHA loan simultaneously, and possibly the FHA 100 mile rule too).Chances are, in the OP's position, its only been 1 year since he bought the triplex so hes not going to have 25% equity (from min 3.5% down FHA prior) probably.If he uses conventional financing he can get 5% down on 1 unit property and 15% down on standard conventional 2 unit duplexes/properties.

Turns out the thermostat failed and was running heat and A/C simultaneously.

After six months - and during a winter vacancy period - it failed and ran my A/C and heat simultaneously.

When completing an estate plan, the estate planner is simultaneously weighing estate taxes, gift taxes, income taxes, and property taxes to every proposed transaction and document.Happy to provide some referrals in the San Diego area if you're willing to work remotely.

Even if you negotiate a move-out plan, serve legal notice to terminate tenancy simultaneously, so if the tenant doesn't follow through you will not have lost any time and can proceed through the legal route.8.

Either Assign or double close/simultaneous (The slash is for Will)Keep your contracts simple (1-2 pages). 

Maintenance and repair costs can be streamlined by handling issues in both units simultaneously, potentially saving you money and time in the long run.Partnering with the right Realtor When considering a duplex investment in D.C., it's wise to partner with experienced professionals.

A=seller B= you C=End buyerNote: Double close is a same day/simultaneous close.