With that said, I think the single family home route might be the most readily available option at a more favorable price since this would be my first property.

With favorable market rates.

It’s very contradicting and really favors the tenant.

Renting it out is a possibility, but the cashflow picture does not look favorable.

I may just have to chalk this up to a lesson learned, or decide to get a new banker on my team. Tell me what you think.So, I went to finance a house and my banker(who I've done 2 other mortgages with) asked me if I wa...

However, I ended up saving money over the current FHA rate at the time when it came down to it and I had more favorable financing terms for the seller.

For some reason the purchase price to rent ratio has always been pretty lopsided in favor of the renters here.

Our goal is to expand our RE portfolio and take advantage of the current favorable rates.

Since its vacant land, can work in your favor if you need to foreclose.  

I also did some research on the history and usage of these parcels and noticed that the Supreme Court recently ruled in favor of landowners, in that if a rail line is abandoned, the easement becomes void, on fee simple land.