With an FHA loan, you are not going to be bringing hardly any capital to closing (compared to a conventional 4-fam purchase with 25% down).   

I've been thinking of purchasing a lot to build a 3 unit building made out of shipping containers.

Recommend you first figure out the property Class/Risk you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

@Tim Kaminski, Using the 1031 exchange will allow you to exit your older Pinellas properties and purchase newer properties elswhere that are not as big a risk from capital expense or natural disaster. 

Based on my analysis, the recommended Purchase price is coming up way lower than the asking price.

Why do you think purchase contracts are so long and have such small print?

If you're looking for somewhere fairly safe and consistent to store cash, land purchases in this area could be a good option.

The mentor will have an opportunity to know you, see your determination and will, and then decide to pour their time and energy into helping you develop.

Hi All,I recently purchased my first investment property and am going through the closing process.

Last year, I purchased my first multi-family property in Holts Summit Missouri.