I feel like i'm in about the same spot. have a small handful of rental properties. done a flip and now feel like its time to bust it up to the next level. 

With rates at current levels, and assuming your LL has the house priced at market and doesn't own it outright, he should have cash flow from you and your roommates.

I spend a large portion of my time doing high-level new development analysis.  

Thank you for your feedback, @Michael ParisThere was definitely lots of moisture on the floor, but unfortunately the contractor didn't check the moisture level after applying the sealant which we realized now was a mistake.

I am a bankruptcy attorney and invest in fixer uppers.

Is it time to start really leveling the playing field?

Joe, great decision, not only should you consider buying using FHA, perhaps consider buying a fixer upper and using a FHA203k Loan to acquire and renovate at the same time.

If you do not have thousands to put into mailers you might want to go work for another investor.EARN WHILE YOU LEARN.It's great to want to be independent but generally you have to learn and put in time before you get to that level.

Buy a house like a foreclosure and fix the basement, rent the upper suite.

I'm ready and excited to take my real estate investing to the next level.