Now if you have a ton of cash, you can get a real jump start, but the majority of newbies don't have a ton of cash, and have to build the empire one step at a time.  

Do you want another $10M net worth in your real estate empire?  

No, you don’t need a massive real estate empire to achieve your dreams of financial freedom.

Once you have an FHA loan you are not allowed to have another FHA loan unless relocating a great distance for work.Now that you have exhausted your Low Down Payment Options (Portfolio Conventional and FHA Conventional and FHA) you will need to use a Standard Conventional Loan and put 20% down to get your 3rd Duplex.The sky is the limit...you could continue to buy properties and build an empire or just stop there and enjoy more free time...I have friend who quit his job and just manages his properties now.Keep in mind that this 4 step process I outlined takes time (anywhere from 1 to 10yrs depending on the person) so keep the big picture in mind but don't let it stress you out too much.

That said the ordinance was enacted citing empirical data supporting that the preponderance of lead contamination cases stem from poor census zones (why the ordinance starts in specific areas vs others) and that cases occurring in rental properties largely stem from smaller apartment units 1-4 in size. 

My goal is to build a real estate empire that I can pass down to my son and future unborn children.

A discussion on the fastest appreciating markets in town would be a very different one, but hopefully this gives a more empirical spin on the conversation.

The interest rate I got (6.75%) tells you how long ago that was.Being stationed in Germany put a hold on building my empire, but since leaving the Army I've bought 3 more SFH in Austin.

Bbuild a cheap house rental empire.

Figure out your niche by reading and researching, find deals to analyze (fill your funnel), go look at properties and put together offers based on your criteria, figure out financing/purchase power at some point, submit offers, stick to your criteria, then build your rental property empire.