Don't worry about how a lender will want to collateralize your commercial loans, they will want to take as much as they can and it depends on the property as well as how you structure your entities.You should put your ideas of you empire down on paper and consider how the companies will interact, what purpose they serve and why!

Lots of good posts.I have a client who has made a mint in land speculation.  

The property is in the inland empire and we're able to manage it on our own. 

In my market, I love SFH, but depending on the size empire you want to build, MFH may be your only/best option. 

I've been able to build a real estate "empire" on the side, while having plenty of money to pay the bills, carry health insurance for my family, put money away for a pension, and generally enjoy life.

But the fact is that Simply bringing an *enter ethnic group here* into a district where same tend to live, WITHOUT that party's EXPLICIT request, is "steering", highly illegal, and you can lose not just your license, but your empire.

The only apples-to-apples comparison between the two towns would be the area up the cliff inland and excluding Boulevard East.

His family can then build a tax free real estate empire as well as one subject to tax. 

Absolutely horrible idea unless you want to try and run some huge empire.

@Vitaliy Volpov I am currently going through Empire State College and am working on my degree in Finance.