I know this offends those that think these percentage rules are Gods gift to REI. 

My father is gifting us this land for free so i felt like it was a good opportunity. 

The amount of equity my parents gifted me 3.

If you can save up in a reasonable time frame, I would use cash. 

If you and your fiancé are already living together, rather than asking for wedding presents, let people know you are saving for a house and would welcome gifts of any size towards a down payment instead of an air fryer.As Drew mentioned, what you get approved for is based on how much money you make and your debt. 

Then I went on to do it again, and rented out that other unit, THEN giving me cash flow. 

Cash buyers are easy to find when you have a boatload of profitable deals.

7% is pretty easy, leverage you make more and if you choose wisely you dept pay down and your appreciation will exceed your cash on cash return quite a bit

Extracted cash is tax deferred and if done correctly no tax will ever be paid on this extracted cash.  

Zillow estimates the monthly mortgage payment would be about $898, leaving approximately $400/month in potential cash flow before expenses.The main issue is that I don’t currently have the 20% down payment saved.I’ve considered renting out my current home and applying for a primary residence loan to take advantage of a 5% down option.