There are a lot of nuances with this type of investment, but between Padsplit, your GC, and an agent, they can guide you through your first couple successes. 

You could/should offer a small non-refundable EMD, say $5k if that’s equal to a couple month’s rent.

We are currently looking at a HUD home in Georgia - I have a couple of questions and can’t seem to find a definitive answer - The home is currently in the OO listing period - our plan would be to buy the home doing extensive renovations (the home is in a “Historical” area so renovations have to be approved) once completed we plan on living there full time - it could take ip to a year to complete or longer I don’t know  - as I see it the OO designation is to be the OO for a min of 12 months - is this after the home has been renovated or after you close on the home - though the house could probably technically be lived in now it does have some water and roof damage and needs complete redo of electrical and plumbing - for me to deem it safe - so not really livable by normal standards - but no way it would be livable in just a couple of months - any thoughts or an actual answer to the OO rules 

They will normally have some pre-payment penalties in the first couple of years but if you are keeping long terms that's not an issue. 

Most sponsors returned my initial message/email within a couple of days.

#1 I don't know anything about billboards, but I have considered purchasing land a couple of times that had them already in place. 

There are separate entrances and exits.I’ve decided to design them pretty much identically, minus a couple decor and furniture items. 

I've read a couple of Brandon Turner's books now and have been getting really into the mindset to start this journey.A couple major items I'm initially thinking of is where to start.

Also the Adelson family of Las Vegas Sands fame have purchased a couple of big parcels with hopes to build a giant casino/convention resort perhaps anchored by the arena for the Mavericks for which they also just purchased majority ownership from Mark Cuban. 

Hey Caleb, There are a couple local REIA groups that would be good sources to come network with local investors.