I am looking to pull out about $100k right now in order to purchase some investment properties. 

Purchase price: $153,000 Cash invested: $40,000 Recently updated duplex with tenants in place.

@Steven Catudal congrats on making your first purchase!

Because of what my goal is with this purchase , I am open to most ideas if it works.

BP Family - I am currently under contract to purchase a long term rental home and will be closing on July 12th.

AND, why it's called INVESTING and NOT Pay-Check-Purchasing.

@Mike Liu there's always a tradeoff between risk & reward.If you want higher cashflow, you'll need to get into riskier investments.STRs are riskier than LTR due to: saturation, changing local government regulations, more intense time required, etc..Regarding LTR higher cashflow:If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Common, I know, but the question that I can’t find an answer to is whether I can purchase a $100,000, 0.5 Acre lot and build a $344,000 ($86,000 per unit) on the lot as my first homebuyer’s FHA loan. 

This could expand my purchasing power immensely.

I purchased a new build and an older home 3 years ago.