That said, most of my out of state clients do not do that. 

I would be interested in knowing what submarket in SD you will be looking to purchase that 4-plex? 

I'm considering purchasing a residential lot in the DFW area to build a house.

The posted value of the house per the county assessor is below purchase price but we have $40k in equity not counting what we have done to the house.

So many of my out-of-state clients from California are successfully purchasing flips, BRRRRs, and buy and hold deals here at a very cheap price point, cash flowing, and have tons of appreciation.

We purchased the vacant land on 1/29/23 and built the duplex that spring/summer.

Congrats on the property purchase.

This cash can be used for immediate needs or future growth of your portfolio.Reinvesting Strategically: The available cash can now be used strategically whether that be upgrading one of your existing properties or purchasing a new property.

FHA loans are fine (I just won one for a client in Bayonne and we just closed), but your agent has to be able to explain why to the listing agents who always think it's a low-money loan instead of an investor's preference loan.

Purchase price: $38,000 Cash invested: $48,000 Single family, Home in an older established neighborhood needing complete updating.