To qualify for a mortgage your DTI will need to fit.

@Dante’ Wray good luck on your journey as well.I am not qualified to give tax advice - I am an employee of a licensed management company and have no experience in self-managing any rentals, nor am I an accountant.There are many guides to self-management out there, including resources here on BiggerPockets, but there is not one formula or schedule for you to follow.

You don't need an agent to buy or sell land (I almost never use them), but depending on your level of comfort with the process, it might not hurt if you can find one who specializes in land transactions (hint: most agents deal with homes and dwellings, and these are not necessarily the most qualified people to advise you on vacant land transactions - as land deals have their own unique set of issues).2.

Doesn't look like I qualify for the 1031.

Remember that 1% rule and cap rate are merely qualifiers that will make you look deeper into the purchase.  

The election results certainly qualify as that.

@Damon Holley  Not everybody qualifies for the Solo 401(k), but if you do that is {generally} the best available option. 

It's a commercial fix and flip line of credit that starts at 500K as long as you qualify.

In contrast inner city properties are a different story, a market with a different dynamic: poverty and crime are high, it is sometimes difficult to sell a property, because nobody who can qualify for a loan wants it or the loan amount is so small that no bank wants it.

my fear is that if I just purchase under my name, it would be difficult to qualify since it was not purchased under an LLC?