Dialing in on a neighborhood and then doing a deep dive would help you to get a better feel.

First, learn about ways to make money last, set your aims, grasp house hacking, check if you're ready money-wise, do deep market checks, make friends with local home investors, agents, lenders, and those who manage properties, go deep into property details, and get to know the local home laws well.

Our rehab costs were way less back then (especially when compared to new construction), before the pandemic caused all sorts of havoc in every area of our industry.There can be a lot of joy and fulfillment breathing new life into an old home.

I'm located in the Grand Rapids, Michigan area and am open to properties basically anywhere in southern Michigan (anything south of Muskegon from Lake Michigan to Lake Huron is fair game imo.)I now have a fairly large nest egg of cash beyond all of my other investments (stocks, bonds, treasuries, crypto) and I want to turn that cash into a real estate investment or investments and I think my deep background in tech, systems, and marketing should be able to help me substantially.It seems to me like BRRRR on multifamily units makes the most sense, but I'm open to suggestions.I'm basically retired at this point as the only work I do each week is 3-4 hours of consulting for larger tech companies and I'm on a couple advisory boards.What are the best first steps in building a team and creating the systems necessary to start making deals?

@Jay Hinrichs @Nathan Gesner @Russell Brazil @Joe Villeneuve .....Ya'll got a a lil bit of breathing room, but be scared too.

With an unwavering commitment to excellence and a deep understanding of the intricacies of the commercial property market, I stand ready to be your trusted advisor in all matters related to commercial leasing, buying, and selling.Whether you're seeking to acquire a flagship location, divest underperforming assets, or secure a lucrative leasing opportunity, I invite you to connect with me.

Or would it be jumping into the deep end prematurely?

Thank you for reaching out, I am working to dive deep into the real estate investor waters.

@John Warren is spot on - do not hold your breath waiting for PEX to come to Chicago.

If you want the most accurate and deep data, you'll have to pay for it.