You use it only with a solid exit strategy to refi or liquidate and pay it off within a set time frame.

They should be able to refer you a lender that can walk you through ways to limit your cash to close.For your specific questions, an FHA loan is probably going to be your best bet.

When utilizing the land, at its best, it ensures it stays very private and we have good relationships with our neighbors, but it definitely limits some activities if for no other reason than not wanting to piss them off. 

These typically are not reported to credit bureaus and also do not affect your debt to income ratio which frees up your credit for personal loans that you may need in the future as well as does not limit you to the amount of loans that you can have as a buy and hold investor. 

The two main data sets i'm calling is pre-forclosures and the other is broad courthouse data (Probate, divorce, delinquencies, etc.)

This comes largely because of high demand, limited supply, and favorable property purchase prices in Kentucky.

Get a pro to check it out and set a budget.

After buying the duplex, how much money should I have set aside?

VA loan limits are huge in El Paso for quad plex.

.—(1) The commission may deny an application for licensure, registration, or permit, or renewal thereof; may place a licensee, registrant, or permittee on probation; may suspend a license, registration, or permit for a period not exceeding 10 years; may revoke a license, registration, or permit; may impose an administrative fine not to exceed $5,000 for each count or separate offense; and may issue a reprimand, and any or all of the foregoing, if it finds that the licensee, registrant, permittee, or applicant:(h) Has shared a commission with, or paid a fee or other compensation to, a person not properly licensed as a broker, broker associate, or sales associate under the laws of this state, for the referral of real estate business, clients, prospects, or customers, or for any one or more of the services set forth in s. 475.01(1)(a).