You are reducing your diversification, but ideally gaining efficiently and scale.  

I don't know if this method is ideal for flipping on a budget, but in my mind it improves the look by leaps and bounds.

None of the lenders that I deal with have been that difficult.  

The ideal 2br/1ba apartment to me is about 900sqft, or somewhere in that range.  

Ideally I would like to buy a cheaper house, fix it up and live there while we find a more permanent home.

If anyone else is looking for good lease forms in Texas, I would recommend Rocket Lawyer, and just be sure to cancel before it auto-renews, unless you need legal forms on a monthly basis.

Ideally I would build my first home as there is a possibility of gifted land from my parents. 

Here is what is going on:I purchased a 4-plex on September 11, 2014. 2 of the 4 units came occupied, so I inherited two different families as tenants.I am utilizing FHA 203k financing on this property, so I would ideally like to start with a clean slate, and have the place empty for the contractors to get their work done.

Curt will know more than me in terms of specific location as I deal more with investment stock but it doesn't look like a deal to me.If it is truly only a 2 bed as Zillow says then rent is more like $1100 If it's a 3 then maybe $1400To get top rent it will have to be super nicely rehabbed and same to sell it.

So what typically happens is they "bundle" your homeowners and auto and then they start adding "personal dwelling" policies for your rentals, typically with a max limit of 10 properties.