I am not looking for a quick dollar and my long term goal is to buy and hold, and leverage rentals to purchase more.

My goal is to eventually become financially independent to the point of being able to work my current job 6 months out of the year.

Only goal is to avoid expensive foundation problems.

However, I was wondering if I can jump to my goal faster.Goal: Buy a lot and build two vertical five plex row townhomes, approx. 1,200/1,400sf each (garage at the bottom) in a B neighborhood, and hold.

That's just a first glance, but that might lead one to lean towards Sacramento as a play for appreciation and rent increases over time, but lean towards Stockton for cashflow today since the prices are lower.... up to you what your goals are.Anecdotally, you hear a lot more people saying "I'm taking my high income job working from home, and moving my 'home' to Sacramento, and just driving to the Bay Area once a month for the monthly work meeting!"

A Project Manager for every 3 jobs and a Punch List inspector to go in 2 days before finish and get the house ready for staging.The goal is to offer 14, 29, 44 and 59 day rehabs.

Ask the title companies.But take heart if the goal is good service with an experienced accommodator. 

Deciding to take the remaining balance as a distribution next year should accomplish the goals you mentioned.

@Kian T. everyone has different goals, and there is nothing wrong with having equity.

Do you think that my goal (a 4-unit for $200k that will generate positive cash flow off of only 3 of the 4 unit's rent) realistic?