I would like to know the possibility of finding a small piece of land here in the outskirts.I find it hard to compromise on the style of existing houses, but if budget doesn't approve me to build a new home, buying an existing property is fine.I am an Analyst & I want to start real estate investment.

While I'm not indicating my brand on the letter, the style and format of the letters are the same, and they build off of each other.

@Justin Fox, I like your style and that was me in the past.  

These are the criteria I have been using to locate deals:Multifamily residential property in Tennessee, Virginia, South Carolina, North Carolina, Kentucky, Alabama, Georgia, Indiana, and Ohio.Suburbs, Secondary & tertiary citiesGarden style (2 to 3 stories)Utilities separately metered or ability to sub-meter or implement RUBS60+ unitsClass C properties in Class C or B marketsStabilized properties (>80% occupancy)Pitched roof (no flat roofs)Some value-add opportunity, such asImprove/modernize unitsIncrease occupancyIncrease revenueReduce expenses

It could be a start but the property you purchase must be a sustainable stand alone rental otherwise it is only a personal life style choice.You would be farther ahead, once stabilised in your career, to invest in purpose built rental properties rather than SFHs.You have plenty to learn and plenty of time to learn it.

But still, the opportunities worth pursuing are very small, both in numbers and percentage wise... when you put PCR-style constraints on the TAM to  get your targets.

When you do a market analysis try to get as much good quality comparable sales close to the subject property and similar in size , condition and style.

I recommend you at least get to know some of the rules.There was a local real estate agent a few years back in Maryland, that did a equity / payback style deal like your talking about.

I will make another post with a formal introduction in the near future but for now here is my question...I understand that it's possible to sign more than one FHA Loan if you follow the right steps. my question is this... is it possible to go from FHA - Conventional - FHA or once you stray away from am FHA style loan is it not possible to qualify for another?

He went with a builder Khan Construction, built a beautiful Mediterranean style home for closer to ~$200-250/ft.