Coming from a family of lawyers the ones in my experience that make less than that are usually just not that motivated or are not that good at what they do.  

Not having experience qualifying prospects I would think that the leads you would get from here, if any, would be..... challenging. 

From my experience, this is a very seasonal market.

Even if getting the permits winds up costing $30K, to me... it still seems worth it.Does anyone have any experience with something like this?

While I’m not a newbie, I own two condos as long term rentals, I live overseas and thus my real estate experience is overseas.

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

No complaints at all.MathewHi Mathew - just checking how was your experience with them ?

Based on my experience of running properties, even if the build were to cost you as much as $600k but you could generate $125k/year, you'd be very happy with that investment. 

Are you set on starting with a larger property, or would you be open to beginning with something smaller to build experience?

Quote from @Jeremy Dugan: I am a US Air Force and Massachusetts Air National Guard veteran with 20-years of experience as a military Civil Engineer.