Hi everyone,I am a new investor and am currently in the stage of educating myself as much as possible through reading real estate books, listening to the bigger pockets podcast, and hanging out on the Bigger Pockets site. 

I'm in the middle of transitioning out of lending, but intend to invest in multifamily part time during the next stage in my career.

Hey everyone I'm just in the investigating stages right now.

This is pretty elementary stuff they should be explaining to you.

I will spend some time on my own.. and do a pre app at the city or county that usually cost 1 to 2k.. then I might go to stage two with prelim drawings etc that cost 10 to 20k.. then I will decide if I want to move forward.Generally speaking you cannot develop bare land without up front cost that you could walk away from I have walked from 100k plus up front and not closed..

The property is directly beside the elementary school as a positive.

Generally, if the property is in "pre-foreclosure" stage the owners still have rights in the property and may be able to purchase the property back through a right of redemption; again, depends on the jurisdiction.

Crane:Hi, I'm still in the beginning stages of building my credit and savings in order to find a good deal.

In June I finished my 19th year of teaching elementary school and have embarked on a new adventure and will be flipping houses full time.    

I believe their fees are a little lower, but we are still in the early stages so, I can't recommend them yet.