Have you and your husband set specific goals as to what kind of MFR properties you would like to buy?

It just costs money to periodically visit properties. 

I spoke to another bank who said that going the FHA route brings all kinds of headaches  that aren't worth it and if I can come up with another 1.5% going conventional at 5% would be much better with less build restrictions although my builder said they are technically an FHA approved builder whatever that means.One Bank told me that I'd be better off going the hard money approach and putting 10% down for new construction but I always felt hard money is such a rate rip off.If any of you guys have any helpful financing solutions please let me know.My other issue is that in order to build one of these I'd like it to be in an area that is cool..location location location but a.

This makes a kind of sense, but I have concerns.And it's not as though I am terribly risk adverse, either.

Every time I visit SD, I see more foreigners moving into once rough areas. 

If that the case, then I kind of could understand, however, I wouldn't have to be worried about pulling money out, since I could potentially have no money in.

I would like to contact the real estate agents for each property, what kind of questions do you suggest I ask?

More than likely that will be you.Your Holding Costs will be kind of off since you plan on living there for a while.  

Thank you Ned, great advice..I do realize that it is hard work, and I kind of figured that there are always costs even in a no money down situation.

But it kind of reminds me of what Kobe Bryant once said about his training.