Consider both the financial cost and the time commitment.Have I researched the program?

You might want to partner up with a friend or family member to mitigate the costs.

Build up job skills, build up savings, and increase your W2 income.

I talk to so many people who regret not getting a PM up front because they are having problems or high eviction rates doing it alone.

You can also offer to lease with an option to buy to tie up the property until you are ready to purchase. 

We are considering building and holding townhomes but need to determine the costs.  

Why give up a couple percent?

You've done well with your Class A rental, generating $500/mo in cash flow, this adds up over time.

this is a direct relation to lack of inventory.. new construction on many markets is as robust as its ever been.. we have had spectacular years the last 3 years of course during covid was tough with supply chains but my 500k house I am now selling for 700k and my build cost have gone up by maybe 100k.. so record profits for us.. 

My budget for the property is up to $200K.