Until then quit looking two million miles deep, and focus on growth properly.

She has a deep understanding of the local markets and can help you identify properties that align with your goals.I’d be happy to set up a call to discuss your plans in more detail and share insights about neighborhoods, strategies, and what to expect when you visit.

Negative cash flow with high HOA fees is a red flag.

. - not having a strong or deep 'why'.  

We would need to go into a very deep, very bad recession that is housing related for that to happen however so I would not hope for that. 

They are over 300 years old and have deep pockets which allows us to self fund all our build projects and get better deals and bulk pricing in materials and other services We can pass these savings on to our buyers.

So to that end they are new to the game never went through a deep downturn cycle.

 @Puneet Mahi as others have stated, I would do a deep dive on the markets inside each state to determine where you could have an advantage AND where your family would like to live.

If the property breaks even, or operates in the red currently, it will only operate deeper in the negative (unless you find a strong ROI like creating more bedrooms, convert a non living space to living space, etc) with another loan. 

You'd need some deep pockets and the nerves to take on something in range of ~$65m in R.E. acquisitions.