From what I’ve seen in Forbes, the infromation on market trends can also help pinpoint the best neighborhoods.One last piece I’d consider: do some legwork on rent comparables in the area so you’ll know your break even numbers from day one.

So was I incorrect in thinking that by incorporating I can defer paying capital gains taxes as long as those are re invested in another piece of real estate? 

Your plan can be something rough like: I own a piece of vacant land at (address), and I'm looking to rezone it from (current designation) to (new designation) in order to build a new construction duplex which will consist of  2 condos for sale, or 2 aparment rentals, eg.

I wrote a couple pieces on student rentals you might find helpful.

This is the piece savvy investors know how to do to unlock outsized profits..Thanks Greg.

Hard to say if it’s a good deal without the most important piece of data, what is the fair market value? 

We have seen that having a professional marketing piece builds credibility which is invaluable in this business. 

My second piece of advice coincides with my first but that it is you have time.

One piece of advice I never forgot is to never ever sign anything without a copy and without a lawyer looking at it first.

He bought a piece-o-crap house for 5k.