Definitely a lot to digest and think about. 

I would like to start picking up larger tracts of raw land- as long as the property cashflows with 20-30% down the purchase price doesn’t really matter.

Having other flips in the same tract made this an easy purchase.

This is very new and we all are trying to digest it.  

I'm sure I'll get better and quicker at digesting contracts with practice.Thanks again.

Having someone else spell it out for me made the idea a little more digestible. 

My issue is that I am currently at 10 house loans with Fannie Mae, but selling this house will drop me down to 9, so I should have room for another golden ticket mortgage spot.Now I want to buy two houses and tactically it would be advantageous for me to use a DSCR Loan for the first house because its an existing property, and the the second house its a new construction tract home that will only take conventional financing.Under Fannie/Freddie rules would lender view the DSCR as "Loan Number 10", and I wouldn't be able to get a Fannie Mae conventional mortgage? 

I was there to buy a 40 acre timber tract from him.. he was in his late 80s and pretty shrewd dude..

If you are considering bringing a partner on, you will want all of your ducks in a row.It's important to have a team in place to help you digest deals and determine if they are "good" or "bad".

This choice does not give you the building of a real estate plan BUT if you buy a better location and more choice house (not the highest in the tract) you may financially be stronger in the long run.