Hopefully you did that 4-5 times in your lifetime and you’re sitting on many many millions in tax free equity you can pull out at anytime.

Sitting around waiting and hoping will get you no where.Also, history seems to repeat itself.  

Good neighborhoods, excellent schools, and literally--where does the house I want sit in the actual neighborhood...I say does it look like a $650K house area when I'm done?

That way I didn't have to sit on it for a few months while it sold. 

Then I sit down with a spreadsheet and analyze all parcels for an area and generate a list of target properties right from my computer.  

I like it because it keeps my money working for me in between finding deals, so I don’t have cash sitting on the sidelines getting chewed up by inflation.That being said, if you have equity from day one.

Right now my debt is sitting at around 154k (8k outstanding interest payments). 

But you won't realize that until after the fact when you are sitting at home with the 4 books that came with your $45,000 seminar payment and you wondering "What's my next step?"  

They are either landlocked or the road leading to it and often than land itself sits inside a dry creek bed known as an arroyo that floods whenever it rains upstream.

It was a big project in terms of the amount of work it needed, I just ran out of time with my lender going through the garbage with the contractor, finding a new one, and finishing taking the longest. other than that I would've let it sit on the market to get closer to what I actually wanted for the property.