My aspirations include becoming a real estate developer, so I want to learn as much as I can.

To me it’s a challenging game, an intricate puzzle where if you learn how to play you get great results.

MF with many garages to convert to ADUs, parcel splits, full on development, coop/tic with the resources to handle financing challenges, etc.To raise money in this market as a newby will also be challenging unless you can get it from friends and family.

Follow Createdinero and intelligentcredit for free game and breakdowns on this.

I invest out of state in Pittsburgh from DC and self-manage everything, but it's taken me years to establish the right contacts, develop seamless processes etc. that allow me to handle everything remotely with confidence.

My strategy is the long game, buy and hold, build equity and cash flow down the road.

@Peter FirehockI live in the area inside the beltway and developed Oronoco and worked on Robinson Terminal South.

In addition- if it's not working and the tenant takes legal action, the judge certainly isn't going to be on your side when you tell them a flooring contractor said it was warm in the house.This game is all about mitigating your risk by being proactive.

I have a subdivision in Maryland that I’ve been developing for the past year.

But it's in your interests to make sure the property value makes sense and the borrower has skin in the game.