SFR is 15% to 20% down.2-4 unit is 25% down.That has continued to be broadly available in spite of the pandemic. 

I've learned to try to ask very broad questions, but listing details under each one, if that makes sense....  

Leverage vs not is too broad of a question for anybody to answer for you.

I'm flying down this weekend to look at a nice 14 acre plot in of land that buts up to French Broad River in Newport, which seems to have some potential.

@Eli Katz define what you mean by inexpensive and what kind of work?

@Paras Newbe These are broad questions and too many to answer with one post.

I should work on defining my strategy, analyze deals that fit that strategy, and attack when I find one that hits the numbers.  

Continue your learning, clearly define your goals2.

It was ill defined, and put a chill into suburban communities, as they could lose HUD funding if they didn't 'comply,' although the definition of compliance was ever established.Most importantly IMO, this should allow some freedom of choice.

I would push more broadly to find a lender that will loan against the house - either by a cash-out refinance or a HELOC.Personally I’d definitely want to take advantage of the current rates (but I’d also definitely get a 30-year mortgage instead of a 15-year since I’m viewing fixed-rate mortgages as an inflation hedge).I’d say refi or HELOC on your current home and rent it out while you take some of the liberated cash and put 3.5-20% down on your new home.