I live in Flagstaff and work for a local contractor.

Ensure compliance with local laws, start with smaller loans to gain experience, monitor your investments regularly, and trust your instincts as you navigate this venture.I myself, as a PML.

Many real estate investing content creators like BiggerPockets have shifted to telling people to focus more on appreciation, which is valid but most house hackers I talk to would like some cash flow once they move out or at least break even.

I am a local agent and represented myself in the transaction.

So, having a local agent who is knowledgeable is where you will get the best guidance. 1.

I talk to person after person in local RIEAs.

Hello all, my name is Ben Latusek and I am a real estate investor and owner of Synergy Property Management. I own, manage, and operate out of the Des Moines, Iowa metropolitan area. I have a real passion for real esta...

Currently have 3 rentals and conventional lending has been my norm, but all the local lenders are predominantly 25% down. 

He ended up sitting down with a local commercial broker who specialized in warehouse properties.

If it was me...I'd check with zoning to find out how many dwelling units I could build, and I'd find what the requirements are for those units (type of house, height and setback restrictions, etc.).Then I'd find out what local builders think the cost to construct would be - just get a cost estimate per square foot for 2 or 3 different levels of finish.