Most of the people I’ve worked with find some middle ground, keep some cash for safety, reduce non-income debt and allocate some to investing.  

Are there other loans that compare to the FHA loan that would allow me to buy all 4 units even though they are zoned individual town homes?

Start asking different professionals these questions and compare their solutions - stick with the professionals who have the best "niche" advice.

You might get a little more, since they are side-by-side, but how does this look compared to a 4-plex?

We thought the terms were pretty good, but wanted to get the opinion of a more experienced investor.then all I can say is go for it your not going to get better always go with the local community bank even if its a tad more. at least U know they are for real compared to those scammers that are so previlant these days offering you terms that are not real in hopes of stealing money from you for up front due diligence.  

it's a neat spot with a full acre of high ground. 

I have seen plenty of posts discussing growth in the area and some basic analysis shows that properties are certainly priced favorably (price to rent ratio, etc.) when compared to my home market.

@Javier Perez, I understand that insurance where you are is outsized compared to other markets, but that's not the only factor when considering the difference.With a condo you still have to hold insurance on the unit and you're paying for the complex's master policy through your HOA.

Your gonna need "boots on the ground" in other markets so it's not something you can do solo.

The houses are built above the ground.