I'm not saying there aren't cases where it's not the smart play but In my mind it's similar to people trading in a car they are upside down on making them further in the hole on the next car.

The drug trade will drive values into the ground.

I'm looking forward to making new connections and learning new things and tricks to the trade.

I've seen mortgage inquires have zero affect on borrowers.Shawn hit the nail on the head mortgage inquires during a specific time frame will only count once although they will show each time.Here is a link to thread where I just addressed this.https://www.biggerpockets.com/forums/311/topics/310884-credit-run-buy-unknown-sources-multiple-times For more info I'd suggest checking out myfico.com  This post is 100% correct, especially the part about FICO treating their exact algorithms as a trade secret.Very expensive "FICO simulator" software that we use internally that lets us throw "what if?"

My building sold so they don't want to resign leases, only month to month.If I could swing financing for this 2 bed condo I would rent a room to a roommate to cover the mortgage.

It's a trade off of tenant quality/economies of scale. 

If you cant swing a $350k or more build, your options are limited.In my opinion, anything less than $40k for a lot is a super bad idea.  

Now is the time to build then trade.

But I am just as skeptical because of the marketing machines and upselling that is a hallmark of their trade.

The trades portion is just... asinine.