Quote from @Spencer Elliott: Long story short, land is on loan and I’m purchasing a manufactured lot as a temporary home/future ADU to my final build.

I'm eager to learn the ropes, connect with experienced investors, and contribute to this fantastic community.A little about me:- Location: Bellevue , PA-Focus: Real estate wholesaling, with a long-term goal of building a portfolio of rental properties.- Background: Took some real estate classes before but really a lot of self learning on creative financing - Current Goal:To close my first wholesale deal within the next few months by learning from seasoned investors and applying proven strategies.I'm here to absorb as much knowledge as possible, so if you have any tips or resources, I’m all ears!

I have some other questions for you to build context if so.

I am wanting to build passive income How did you finance this deal?

To simplify the existing lease I thought about asking the tenant if they would be ok modifying the addendums to get rid of the resident benefit package and the building protection plan. 

I am currently employed as a project engineer working for a GC that builds multi-family projects.

You want to buy apartment buildings in the ghetto and turn them into Condos?

I have 8 buildings with possibly 9 lines that I would like to get a package deal on sewer scopes of all the lines.

The lessons you learned the hard way in 2008 will be invaluable now, and it’s great that you’re aiming to stay small-scale and within your comfort zone of Sacramento, which gives you an advantage of knowledge in that market.Given your experience, I'd say start by focusing on three key areas to build confidence and minimize risks:Budget Control: Over-renovating was one of the big mistakes you mentioned.

These would be bare rental units where tenant builds to suit or we could with appropriate rent charge.