I assume you want to combine them, solely for the reason of qualifying for OO FHA financing.  

So for now I'm going to hold tight and keep an eye on my market.My goal is to put away some cash that, combined with money I can access off my current home's equity, I can sometime in the future put down a 25% down payment to take out an investment loan to purchase a property.

one quick google search of this guy's name " Kevin Lamont Williams" turns up several scam reports.Good to know that my scam alert radar is still functioning properly.

Total(non-leveraged) return is a combination of cap rate and future appreciation.

Assessed home value is $112,500.00 The assessed land value is $146.700.00 Combined assessment for bldg and land = $259,200.00.

Lots and lots of posts on subject to, so use the search function to read up on this if you're not familiar with these deals.

If you do all that, in combination with a natural risk-avoiding approach as an investor, you will see that Mexico is full of opportunities as in the US or Europe (were I am from) pricing, growth, accessibility and affordability are incomparable to Mexico.

Seller allowed us to perform inspection(for information purpose only) and we discovered few issues(window not shutting down, paint peeled off in bathrooms, exhaust fans in both bathrooms not functioning).

ONLY the land has value for new high rises in 2050 thats HOW long it will take for homes to become abandoned bulldozed and combine lots into acres for highrises,,, there is NO sprawl  in miami JUST highrises ... those BAD areas are like that for a reason ...

This is a combination real estate analysis/creative financing post.I saw a property that I am considering making an offer on, but was removed from the market.