Hi,I'm a real estate agent and investor in Dallas, working with residential real estate in various Dallas suburbs - Plano, Frisco, Flower Mound, Irving, Coppell, Fort Worth, Justin, Keller, Colleyville, Southlake etc.  

there are few high rises going up around Surrey central and I am sure there is more too come but I am not sure how this will effect SFH prices that are in the area.One place I like is Chilliwack, there has been a decent population increase but the prices aren't mad yet.

Not a big deal, but something to consider.The oft times hidden cost of a 401k loan however is effectively your tax rate.  

The brokerage makes their money on commissions and load fees, so they charge effectively nothing for the plan (which is limited to suit their business model).With a truly self-directed Solo 401(k), you are engaging a firm to provide you with a 401(k) trust that is not limited with respect to investment choices.  

I've heard that many of today's younger folks saw the effects of the last crash on their parents and that's made them gun-shy of buying.As well, divorce comes to mind as a reason for renting.

Up Front Mortgage Insurance Premium - For most of its mortgage insurance programs, FHA collects an: Upfront mortgage insurance premium (UFMIP), and Annual insurance premium which is collected in monthly installments Mortgage Insurance Premium - For 15 year and greater than 15 years. 1.75% of purchase price Annual Insurance Premium Greater than 15 years & greater than or = 95% LTV - 0.8%Greater than 15 years & less than 95% LTV - 0.85%Less than or = 15 years & Grester than 90% LTV - 0.7%Less than or = 15 years & less than 90% LTV - 0.45%High Balance Loan Amounts Less than or = to $625,000 & less than or = to 95% LTV - 0.8%Less than or = to $625,000 & greater than 95% LTV - 0.85%Greater than $625,000 & less than or = to 95% LTV - 0.1%Greater than $625,000 & greater than 95% LTV - 0.105%INCOME—RENTAL Rental income from a borrower’s primary single family residence (boarder income) is not acceptable for qualifying.Rental Income from the subject property may be considered effective income if the subject property is a 2-4 unit dwelling.

Question: How can I  most effectively purchase this property using conventional lending?

I'm not an expert in subject-to, but I did quite a bit of research into the strategy and the laws that effect it.  

There can be title insurance issues with deeds executed simultaneously a grant deed the a quit claim deed, deeds can be effective when made, not filed.

Nice point about the effect of make-believe.