It can absolutely be tough to purchase a house in such an expensive market so you'll need to weigh the costs of the money you're paying to rent a place and not be tied to it or responsible for keeping the place up vs. buying an investment property to live in and use rent to supplement your income while taking on the responsibility of managing a house. 

Might help you supplement for the time being.

So I lay in a supply for supplemental use at the start of December.

I want it to replace or at least supplement my 9-5 job, and then keep growing from there as I did before.I'm currently in SouthEastern PA, but the market here is pretty wild, so I'm thinking of exploring other places and delegating the bulk of the work like management, etc.

You can change your mind and switch back and forth at any point6) Supplement your emergency / down payment fund - By combining the diversity and income options you can create an emergency or down payment fund.  

It does not replace the underlying coverage (in this case the Liability on the premises) rather it supplements it.

I currently work for a Big 4 accounting firm but am looking to transition into real estate investing for supplemental wealth building and possibly financial and operational freedom (assuming this goes well!).

Let me buy you lunch/coffee so I can learn from those who have gone through the gauntlet before.About me:Recent homeowner with full-time job in the ValleyLooking to buy first time rental property sometime late this year/early next yearMainly looking for passive cashflow, to supplement incomeMy questions include:What markets did you invest in and why?

If you have to change it later it will be a supplemental permit that will take a month.

Seems like you have the funding, using the land as collateral and supplement the rest of the 20% with the 40k of the 100k you have.