You have to decide for yourself what metrics you want to use to measure acceptable investment return and to determine when you want to stop acquiring properties, and begin just reducing the debt on what you own with your eventual goal free and clear ownership. 

I haven’t used BP in quite a while however I have been attending as many meetups as possible and have acquired a couple investments since moving to Omaha in June.I thought I would have collided with you at a meetup by now but haven’t.Will you be attending Wednesday?

I don't believe I can acquire a "letter of intent to rezone" but I do feel the lot can be rezoned with little opposition.

But I can't figure out a way to access it to invest in more property.

Also helps to have easy access to public transit and/or highway.

Definitely try to create systems that fit and elevate your personal management style to help take some of the burden off, this way you can focus more on expanding your business and acquiring more properties you can manage.I'll send you an invite to connect, let me know if I can be of any help!

All you can do is go in and inspect the place, but to what productive end if the previous owner still has access? 

Some people have shoddy credit, some people only focus on the 3.5% down payment (as opposed to the 3-5% down payment for conventional available right now), some people simply don't know and think FHA is the only way to go, some people do not have access to conventional financing for various reasons. 

Even if you're planning on doing repairs, showings, leases, and all that jazz yourself, deployments are a thing and you'll want to have access to folks who can take care of things while you're away if they pop up. 

I hope to acquire another property within this year or so.