Not sure what kind of soil, air, environment goat heads thrive in out in Idaho. 

Just because you are now Financially free from REI doesn't mean you should stop being a Doctor, Dentist, etc.What it means is that you have the CHOICE of stopping or even scaling back your current profession.What it also means is that because you don't NEED the job, the stress from your job melts from your shoulders and you can now enjoy what you spent most of your life trying to do.You will even be healthier because of the lack of stress!

Would definitely make it much more challenging to find reliable information in that environment!

I think they said they were paying for renovation so that would balance it out- exit cap rate of 6.5 seems optimistic in an interest rate environment that is going up.   

The ability to enjoy Denver's newly legal marijuana environment was a perk.About the clientele it attracted or discouraged ...

On a related note, if you are in fact able to secure a HELOC, using it to pay off your mortgage may not be advisable in our current interest rate environment.

A lot of equity to just sit there in a low interest rate environment 

I've bought a couple deals from wholesalers, and it works out, but when I see the assignment fee that I'm paying, it just makes sense that I should go out and find my own deals--I'll have way more equity and my portfolio will be way healthier in terms of profitability and equity.There's a lot that goes into finding one's own deals--marketing for the leads, following up with the leads, getting them under contract. 

I managed the rentals myself up until early this year when I hired a property management firm in order to get some free time back, have some backup so I can go on vacations again,  and in response to the hostile political environment towards landlords in seattle.My long term plan with REI is to get to a large enough door count such that with sufficient equity the net cash flow is enough to live on comfortably  (which I would define as matching my current gross software engineer's salary).    

Identify the zoning characteristics, political environment, and real estate market demand parameters for each parcel.With the wide variety of sites you delineate, there is a wide range of different development characteristics to research, design, entitle, and sell or build for each project.