I read through the Ultimate Beginner's Guide and have transformed my commutes into learning opportunities through the podcast.  

Start with the potential gross income and work backwards from there.Check with the city or county planning and zoning department to get an idea of what you can build and what is required for all approvals including site plan and building permits, proffers, water/sewer tap fees, bonding requirements, inspections and CO process and time frame for all approvals.You also need to check with the utility companies and get an idea of availability and cost estimates from them for water, sewer, power, gas, cable, installation and connection requirements, tap fees, hookup charges, transformer location and relocation, power line and power pole relocation issues.

I started with 25k and I have transformed my networth and quit my day job in under 3 years.

Looks like you've been able to transform some local properties in into solid rentals, etc. which is awesome.  

It was a wonderful transformation.  

I hoped I could break into the business with a start company that would help transform a community.

Check with the city or county planning and zoning department to get an idea of what you can build and what is required for all approvals including site plan and building permits, proffers, water/sewer tap fees, bonding requirements, inspections and CO process and time frame for all approvals.You also need to check with the utility companies and get an idea of availability and cost estimates from them for water, sewer, power, gas, cable, installation and connection requirements, tap fees, hookup charges, transformer location and relocation, power line and power pole relocation issues.

@Salvador Pepe First you need to do a quick feasibility exercise to determine if a project will work financially for you or a buyer.Check with the city or county planning and zoning department to get an idea of what you can build and what is required for all approvals including site plan and building permits, proffers, water/sewer tap fees, bonding requirements, inspections and CO process and time frame for all approvals.You also need to check with the utility companies and get an idea of availability and cost estimates from them for water, sewer, power, gas, cable, installation and connection requirements, tap fees, hookup charges, transformer location and relocation, power line and power pole relocation issues.

I've had to replace the control board twice and the transformer once on the furnace. 

The people I'm dealing with have lived in Killeen for 30 years and they have mentioned that the area is starting to undergo a transformation, but obviously in the early stages.Again I've been following the BiggerPockets podcasts for value add and improved the quality of the properties and tenants.