If you have decent terms on the land with low property taxes, add some insurance and you should still be able to cash flow easily.

I would base my decision to buy more on my investing goals, am I buying for cash flow, appreciation, or tax savings.

Every $100k in gain up to the limits, $250k (if single) or $500k (if married) will save you $15k in federal taxes and I’m guessing $5-10k in state taxes?  

My house has aluminum wiring (one breaker is copper, the rest aluminum), a federal pacific box, and a couple other electrical projects. 

Quote from @Jay Hinrichs: maybe make it like a Lenders license I have U have full fbi criminal and personal financial and credit report.. does not mean you have to be super star but just cant be bad.To get my GC in Cali, I had to do a full fingerprinting and state and federal background check.

I attempted to do taxes (married, filing jointly with my spouse) on turbo-tax.

You will get your own financing quotes, your own real estate taxes, and your own insurance quotes.  

Navy Federal, as an example, needs a long time to close and requires tax returns, but has a 20 year draw and a 20 year payback period…takes much longer than others, but that payback period is amazing.  

Is this a Single Family Rental - it can work for sure to start with negative cash flow - but this is a very very risky strategy - especially if there aren't other considerations like tax benefits on a larger portfolio or anything else I'm missing

Consider factors like potential tax implications and long-term financial benefits before making a decision.