If there are REIAs operating in your desired location, reach out to them. 

I've seen properties in the area that are pretty desirable for $290K, but that would leave us under the full amount. 

By investing in a DST with a Loan-to-Value (LTV) ratio of85%, the investor would only need to invest $750,000 in the DST to replace their $4,250,000 of debt,thus allowing them to become an all-cash buyer in the real estate market.Presenting DSTs for Uncertain ProspectsMany older real estate investors may find themselves in a situation where they no longer desire theresponsibilities associated with being a landlord, yet they are reliant on the income generated fromtheir property.

I applaud your desire to "do things right".  

We have purchased some lower income homes that were structurally sound, in not so desirable areas, & needed cosmetic repairs.

I come here in hopes of getting more opinions on if I have my head on right or not and what tweaks need to be made.I will start by saying that I would like to be self-employed by 30 and when my first child does come in my 30s I will want (unceasingly) the desire to be a stay at home parent.

However, I checked it for my neighborhood in Carmichael, CA and it shows 17.5% vacancy rate, which is not true for a highly desirable Carmichael.

Below grade is cheaper because you can pour cement walls as opposed to building 2 x 4's with insulation siding sheathing etc. second, below grade usually has a higher risk of water penetration thus making it a less desirable space.

It's better to restrict and manage possession, which can be terminated much easier and controlled without concern for possessor recanting later due to rethinking deal, family influences or desire to repurpose YOUR asset.

(see response above)The question implies a desired X%.