Figure out how you want to handle you investing and what role real estate plays in that. 

Curious how this will play out in the courts (granted it's LTR) and affect pricing products used for STR such as PriceLabs (which I use but have to seriously manually adjust for very specific reasons).

With a 3-5% down FHA loan, I snagged a cozy home in a hot spot, worked from home to play handyman, and created a hedge against the "what-ifs" of life.

Personally, I airbnb half of my house, individual rooms, and stay nearly 100% booked.

I would like to find more of an equity play.

I can't tell if you want to buy land from an owner who finances or if you have the funds to buy and then sell the lots with you being the owner who is financing to individual lot purchasers?

Families: "Spacious backyard, kids’ play area, and just minutes from the local zoo."

Investing is different from speculating, in that it’s data driven and therefor predictable and you have factors that play in that covers your downside and strengthen your chance of upside. 

I think the bottom line is that he played fast and loose with our money.

In the end, you can play with all of them and see which one works best for you.