Remember that after filing, whether a summary probate or a formal probate with full IAEA authority or limited powers, your seller will be solicited by others (maybe even me!).

So, with limited cash and a desire to use an FHA loan, you should be looking for smal multis - duplex, tri, or quad.

Figure out where your farm area would be, based upon median home prices, since I'm assuming you would have limits on your entry point, as this is just a "hobby".  

However, if you're looking to be active and make a move with your properties, the sky is the limit.

Basically, most banks limit you to a certain number of loans.  

To clarify - I'm bumping up against the 10 - fannie mae limit on conventional mortgages for 2-4 unit properties as well as SFH.

Such acts and omissions include, but are not limited to, the following:(1) Manufacture, cultivation, importation, transportation, possession, furnishing, administering, or use of illegal drugs in the dwelling unit or in the common areas.(2) Illegal use, manufacture, importation, possession, furnishing, or discharging of a firearm or firearm ammunition on the premises of the rental property, except for the use or discharge of a firearm or firearm ammunition in cases of self-defense, defense of a third party, or as permissible in Section 13A-3-23.(3) Criminal assault of a tenant or guest on the premises of the rental property, except in cases of self-defense, defense of a third party, or as permissible in Section 13A-3-23.(4) Any breach involving substantially the same acts or omissions as a breach for which a notice to terminate has previously been provided for by the landlord and cured by the tenant, if the second breach occurs within six months of the first breach.

The high estimate is something you are unlikely to ever achieve and shows you the theoretical limit of what the deal could bring.

That way when you do become 'bankable' for conventional loans, you personally have more wiggle room both from a Debt-to-Income ratio perspective (bc the loans in his name aren't counted against you) and from a loan limit perspective (can only have 10 conventional).Feel free to reach out with more questions!

Thanks, did not know about the $600 cash limit.