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.

Hi BP colleagues,  I'm new to investing and wanted to get some feedback from investors who have invested in land before. 

I am newish to real estate, I own three properties but looking to increase my empire!

My family runs a real estate development company and we specialize in commercial developing and leasing to government entities mainly in the Inland Empire.

One in particular is the Inland Empire another is the Palmdale area.

There is the 10% fee but it will have been worth it later on when I have built an empire.

I'm inspired to build the empire! 

My line of work is more in land investment rather than flipping homes, but I wanted to welcome you to the site.

I get that the desert areas are very low value compared to OC, LA, and even parts of the Inland Empire. 

It makes buy/hold, cash purchases not look as good, consider the risk involving in land lording.