Low priced homes that need minor work are not easy to come by, you have to be willing to take on a large scope of work to get the "deal"

I have the sense that demand there will be fairly low.

The only thing that it could do is lower the amount you can borrow for the investment due to increasing your DTI, but 10k isn't that much. 1.9% is pretty low and should be easy to out perform the debt...

Buy a place to live and you have the opportunity to gain equity that way with a really low downpayment if you go FHA.

I see that you are in Barstow, an area with low prices but low economy too.

I have great loan guy in the Columbus market that does nationwide loans and can do loans for homes low as $20,000 sales price and doesn't add junk fee's or hike up the rates because it's a low sales price.  

That seems way too low.

In order to subdivide this lot, I would have to convince the city to change their zoning map and allow for a smaller single family lot size than what they currently allow (very low odds this would be approved).  

As a retirement plan, the Solo 401(k) is vastly superior, with significantly higher contribution capacity, the ability to make Roth contributions of up to $18K per year with no income limitations, etc.Depending on your ability to contribute, and therefore how quickly you can amass some working capital, you may choose to start with a fully self-directed Solo 401(k) or you may choose to establish a low-cost brokerage Solo 401(k) that would be limited to investing in stocks, funds, etc. for the near term.  

I buy, rehab, rent, season it out and refinance.