If you haven’t already, I’d scope out the municipalities around town.. from what I read in The Economist, the Phoenix metropo area continues to rank high for job growth, which usually bodes well for new builds.

It's no guarantee but it's a good place to start.

Raise fees on building permits, give tax credits on renovations.Suburban sprawl really hasn't been a good thing for the US.Of course, it's all about supply & demand.But, if you can figure out why more people want to live in Hazel Park (leading to teardowns & rebuilds) versus south Warren or Eastpointe (nothing happening) then you can make millions.

All good reading and listening, education is best and if you want to learn you have to ingest as much information as possible.I read many books that helped me, but my go-to is listeining to at least 2hrs of podcast with real examples per day.One very important things that "want-to-be" fails is to understand that real estate has many different specialities, so you have to focus your time in your real project.

A good attorney will be able to review this and advise you on whether it can be fixed or if you should walk away.

That sounds like a good idea, but I dont have a clue if it would work legaly. 

It's a good way to get started and learn the ropes without a lot of capital, but you need to make sure youre doing it correctly.

And good luck.

As long as the area is good it’s easy.

You’re in a great spot to start—good income, no debt, and time to save.