If you can swing it, I feel Blackstone BREIT is a better initial/core holding because it is a much more conservative core plus strategy (or maybe stREITwise if no).

Don't buy in the roughest neighborhood in the urban core.

If you can not do that, you will likely never do this, as the core skill of doing this is amassing money.While you are working and not spending, assuming you are also saving, you will have time to rebuild your credit and learn about the business.Talk to some lenders and see what their terms would be.The easy get-rich-quick has happened to some people.

I would recommend starting with a more conservative, core/core+ real estate fund as your foundational holding Like Blackstone Real Estate Income Trust.

If you told me that you made a deal to buy a $100K piece of land for $75k, I would have thought that you were a good negotiator and made a compelling case to sell quickly, for a discount.

My personal feeling is that it's a lot of risk, and you should focus all of your energy on your core business, not real estate.

The numbers don't make sense on small renovations here in the core of the city.

Finding your team will be key and the book will go over the "Core 4".Before you even find your Core 4 you will need to find your market..

The core value proposition is as follows:Help residents build credit and move towards home-buying with better loan / mortgage optionsDrive more consistent and on-time paymentsDifferentiate from other properties / landlords that do not offer thisPlease don't hesistate to comment on the thread or DM me to chat or receive more information.Thank you!

A good chunk of my CORE portfolio is invested using the asset allocation strategy (different types of index funds) managed by a robo advisor.