We want to be able to keep expanding, but in our market all of the multifamilies are being sold at or above market value, and all of our capital would be tied up in one rental property.

We just want to get more information on these incidents and make sure it's a good deal before we tie up this property.

As retirement edges closer we are definitely looking at this as a possible income solution, we just need to manage our finances well so we can do the same thing again, albeit with a conventional or other than VA loan since that's tied up - hopefully with a better class/larger "twin home" type duplex so we can owner occupy for awhile and not be cramped. 10 years with 4 of us in 1000 sq ft has certainly been a lesson in patience!

If all my eggs are already tied into the multi?

Considering modular for an inexpensive way to get started, but unsure of the financing options.First off, I would like to tie in with the local network of investors.

We have always bought outright with our own funds, but these are tied up at the moment.Admittedly, I don't have alot of experience with subject-2's-- I need to learn more on this type of deals.Thanks for the response here.. everyone.

Furthermore, I doubt that the pier is physically tied via post-installed anchors so there's no lateral resistance or moment transfer.

I would find the money to pay cash for the dirt.. use your expertise to subdivide.. and if your state is like ours a 4 lot partition is not a subdivision and rules are a lot easier.. then find a builder to hire per door.. and build them out with you as the principal.. this will take of course  significant cash and credit to do.. and profit on those numbers your talking about at that land cost is not super high.. might just tie up the dirt split it and sell the lots and make the lot profit..

I don't think it makes sense to tie either to % of rent as they are independent of how much $$ comes in. 

I was told once that there was a loan for investment properties tied to the rental revenue.