(Example: investing for long-term capital growth for your kids education in 15 years, you have $200K to play with, you want to be an active investor in a market within 3 hours of you).

When it comes to all the cost and growth assumptions one thing I lack is the experience to understand what to expect... so most long term inputs are educated guesses.

Only nearby city that rivals it is Amarillo (2.5hr drive north) and it does not have anywhere near the education infrastructure or $$$ inflow Lubbock has (at least not yet) with Texas Tech and associated schools, SPCC, LCU.

I’ve been focused on continuous education rather than taking action, but you’re right.. actually doing it will provide better experience and knowledge.

It is a great resource to get started, and I guarantee you can make it happen with some education/solid team.

One of the best things you can do right now is educate yourself.

My city seems to bid the land banks but I’m planning on reaching out to get educated on how the system works. 

Bigger Pockets is a great place for education and networking and is full of great content.I recommend that you check out the following resources:1.

So maybe just publicize it on FB market place 

Based on my reading of IRS Publication 523 (Selling Your Home), it appears that I must report the sale of the original property on Form 8949 and Schedule D, given that I received a 1099-S.