There are FTHB goodies in CA, but if you own residential real estate (including if it's a pure investment property) they generally go away because you aren't a FTHB any more. 

I think it would take me about two weeks of diligent searching to grasp a certain market - but I would need the help to discover recent sales, etc..It’s a treasure hunt; fun, exhilarating, and pure American Dream stuff. 

If it is purely about the numbers you use for every other property... allocations or %'s are the same, I don't see how you can't use that logic here. 

Yet, the most recent ones were more than double and it was a pure profit grab.

The interest rate doesn't look bad considering it's purely an investment property.

For what it's worth, it will not be our primary residence until years down the road depending on how things go (when we "retire"), but it sounds like, regardless, we should steer clear of both options (LLC and fancy self-directed IRAS) unless we want the LLC for pure liability peace-of-mind if we did somehow rent out the land or a structure on it (if it wasn't our primary residence).Thanks again for taking the time to reply, still figuring it all out and this really helps.

The large banks will often have their own overlays which are more restrictive than the pure fha regulations.  

i mostly hear people wanting to have purely tenant Home owned parks and I can understand that, however I have a friend who thinks the opposite.

Or was it purely based on a recommendation or referral?

If not a pure syndication with 10ish investors, what would be a better way to structure the investment package?