Figure out what your goals are and what you're going to be underwriting for, and THEN look for the deal while adjusting your sails as you learn more about the local market. 

A duplex that I lived in and fixed until it was good then house hacked it.

If you don't plan to live there then I would look to use another loan option.

Can I then withdraw the other $200k tax free as an owner withdrawal from the fund.

On the RTR website under education, then tools, we have a free portfolio calculator that I highly encourage you to play around with as well as that allows you to evaluate both individual properties, but also a portfolio as a whole. 

The land trustee then becomes a second set of eyes and ears (and a more credible witness when saying a deed was forged), preventing/reducing title theft. 

My question is in the current market would buying a high cash flow business where I can be an absentee owner be a better decision then investing in real estate now?

I know I'm looking for a hard to find niche, it may be that I get a place for my wife and I, then develop on a completely different property.

You can then click into any of them to view them further. 

@Eric Lahoda My general philosophy is that if a tenant really wants to move regardless of a lease then I’m going to let them.