My response to a few:@Kevin S.The rate of appreciation varies by location, price range, property type, property age, and other factors.

Hey Chirag,One key factor here to consider is your return on investment.

In many areas that is like getting blood from a stone and involved more legal fees  if the contractor burned you it is probably not the first time. 

One of the biggest factors for people's pace is their risk tolerance.

There is a small fee I need to pay upfront during closing to waive. 2.

In the US, there are a thousand companies that batch search various public records for a small fee, like the telephone book or voter records, to match names & addresses with phone numbers.

Stocks, on the other hand, offer liquidity and ease of diversification but can be more volatile.Time Horizon: Since you're young, you have the advantage of time, which is a crucial factor for compounding interest.

Have enough for 20% downpayment + fees+ and some more-Because of DTI, we cannot borrow money (no hard money or private money) for the new house unless we have tenants sign the contract with our current home.Does anyone have any suggestions?  

@Bob SislowAre there development fees to build on the property?

The local HML can usually pull the trigger much faster than an outside person does because more research has to be completed to asses risk in lending for that area.This is why local HML lenders rates might be lower than a national HML lender that prices a few percentage point higher and one to two points more to price in the unknown factor of the area.