So we are considering investing in northern CO, although that market looks a bit pricey right now.I’m still in the “education” phase, trying to learn as much as possible.

I like to re-phase the question by asking was is your risk tolerance.

Think about your life and the types of structures you've lived in during each phase (high school, college, first job, 30s, etc.)?

This step ensures that the title work has been done and both the borrower and you have clean title.6) Recording of the deed.If the funds are being loaned for construction, I would lend the money in draws, upon completion of phases.

How many letters sent -> how many people called -> how many were interested in showing you their house -> how many you got under contract, etc.Let's say you send out 2000 -> 60 calls -> saw 5 houses -> 1 under contract.So if you're getting a lot of people asking you what your offer is, you're still in that phase where you're having to filter out the motivated ones from the unmotivated ones. 

We are just in the planning phase right now.

Greetings All:I have an opportunity to purchase a former one level 28,000sf school (one level) block built in 2 phases.

I enjoyed your post for the worthy goals you describe, and humorously in the way you refer to your "age".Let's start with the latter, perhaps my perception is skewed but at 55 I'm of the opinion you've just enter a life phase where you can do so much, experience great things, and create great wealth while in the process.My 93 year old grandfather to me recently "I know I've got at least 10 years, but if I could just get another 20".

I'm very new to all this, I'm currently in the research phase where I'm reading & listening & watching videos on anything that involves REI.

I’m not even in the phase of direct mailing where I expected to see results.