I write down on them what year they were installed so it is easy to determine if we are close to the end of the 10 years.

Because of what my goal is with this purchase , I am open to most ideas if it works.

I am looking to pull out about $100k right now in order to purchase some investment properties. 

Purchase price: $153,000 Cash invested: $40,000 Recently updated duplex with tenants in place.

@Steven Catudal congrats on making your first purchase!

BP Family - I am currently under contract to purchase a long term rental home and will be closing on July 12th.

Common, I know, but the question that I can’t find an answer to is whether I can purchase a $100,000, 0.5 Acre lot and build a $344,000 ($86,000 per unit) on the lot as my first homebuyer’s FHA loan. 

@Mike Liu there's always a tradeoff between risk & reward.If you want higher cashflow, you'll need to get into riskier investments.STRs are riskier than LTR due to: saturation, changing local government regulations, more intense time required, etc..Regarding LTR higher cashflow:If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

This could expand my purchasing power immensely.

We just helped one of our investor clients purchase a multi-family primary in the Boston area.