@Michael PlaksI’m not a financial advisor/plannerI’m own a 401k administration company and use life insurance for deferred compensation sometime.

I recently purchased a land from the tax deed and when doing my research I didn't find any history of a lend or debt owned.

this is somewhat true. depending on the size of the "skeleton". what we found from being in renovations for 8 years and new construction for the last 5 years nationally is that what actually makes the money is design, entitlement, land acquisition, etc. you can pull every lever in new construction. it's more active and you have all the control. if you don't make money it's your own fault. talk to any lender who looks at deals they would agree. banks prefer ground up at the regional level who see deals than existing renovations.

This is only my 2nd house that I own (owner-occupied RE).

Lucy,  I would need to know the numbers to say, and whether this is a cash deal or mortgaged.I had looked at College Station myself, but concluded that it does not pencil out.I own a SF house in an upscale area of McAllen, TX and a quadplex nearby.So far, TX has been my worst market - property taxes just ruin the cash-flow.  

Hi Marc, is this new construction on a property you already own?

Hi, I own 2 doors in the Cleveland area, and live Near Canton, OH. 

I have owned a house since 2017 that my father lived in until he passed 2-1/2 years ago. 

The problem is, the vast majority of the SFHs currently available, both on market and even off market, do not work when looking at the numbers if you want positive cash flow.   

My question is whether it’s a bad idea to put 20% down and continue renting my own place because of the convenience factors including being able to walk to work (and I work long/late hours).