In order to do that, I'm seeking a investment mentor who can help me to increase my knowledge, who can help me to develop techniques and strategies, who can share me their experience on wholesale, flipping houses, on landlord, on residential and commercial properties, holding, etc.

So I meet them and develop a relationship then present my offer and explain why it's so low.

I mean no disrespect to others who have developed their skills and experience in acquiring properties in out of state markets.  

Develop a partnership with other types of capital partners?

Ultimately I have an interest growing a portfolio and possibly dabbling in other types of properties and strategies (flipping, development, etc.).My primary strength is my analytic ability, whereas my primary weakness has been using a conservative approach.I am excited to continue learning and potentially working with BP community members.Drew

Split the land and sell/develop into additional lots - The value here would depend on what it costs to split the land up AND get appropriate utilities to it.  

I am thinking something along the same lines as a developer fee. 

They usually make sens for VERY large developments (100+ units) because of all the CPAs and Lawyers you have to hire.This is just the case in my experience.

Do you have any, or all, of the following experience and skills:Blue collarbackhoelicensed home installertransport driverelectricianplumberconcrete workremodelerOfficeresident intake and screeningresident relations/community relations/governmental relationsbookkeepingcollectionsWhite CollarCompliance Management SystemDeveloping and Implementing a Marketing Plan that makes sense for the style and location of the community you buy.Selling homes at a profit and closing the sale.Establishing some legal and compliant manner by which your prospective residents can obtain financing to purchase the homes you are selling.For 4 and 5 star communities with prospective residents who average credit score is above 660 you will need to develop good relationships with outside lenders.For lesser communities or for communities where the marketing is geared to draw residents with credit scores below 660, you will need to develop some form of seller finance.Developing consulting or vendor resources for areas where help is needed.The more you already know, the less outside help you are going to need.

But by making calls to other people we knew in the industry, our contact knew someone that develops on that side of town and we were able to assign it for $710,000.