Here are my four main goals:Goal 1: Buy and Hold in Developing Areas (Texas)I plan to invest in underdeveloped areas where I see growth potential, buying at a discount now and holding for long-term appreciation as development takes place.Goal 2: Wholesaling Discounted Homes (Texas)I’m also thinking of wholesaling properties in those same areas.

I mainly operate in the Southeast part of the U.S. 

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

I am mainly trying to understand the chronology of steps to take for my first investment.

The main line is an excellent market for rentals but it can be very pricey as many of the spots are Class A RE. 

I was able to get an inspection done and from that I know the main work needed is as follow:Under house crawlspace:some foundation pillars or crumbling and need replacement.Major leaks under main bath causing wood beams deterioration.Multiple minor leaks to wood beams in different areas as well.HVAC duct work is leaking at connections.

The main reason is labor, and the cost to live around this area is not cheap, so skilled labor demands high wages and benefits. 

My Main question is - How can I acquire land out of pocket. 

Now, if you're main goal is cash flow, then this is likely not your place to go, but if you're open to cash-flow neutral, then you're likely to see some great long-term appreciation.I've worked with an awesome investment-minded Austin agent when she was buying up in Denver, and she's got rentals in Austin that are doing well, too. 

It has become my main motivator for learning so much about real estate investing the last 1-2 years.Where I'm at now is I feel like I'm missing out on other stuff I could be doing to achieve my goals.