Then go...take a witness with you. 

Learned the true cost of improving raw land, the time required to do so, witnessed the challenges of managing new construction from a distance, and the effects of a receding market on fringe communities.

Having witnessed his process of buying unimproved, residential zoned land and walking it through the development process and adding value along the way, it seemed like a natural step for me to attempt the same.

I started to wonder if they were going to attempt to stop us from leaving the meeting but managed to defuse the situation with a bit of wit.

I've personally witnessed this zip code show tremendous market appreciation, I don't mind waiting several years to watch this mad lad grow.Great input about the HML, that helps me plan how I can fund any rehab.

Here's a Louisville business first article that outlines the growth: https://www.bizjournals.com/louisville/news/2017/06/26/forbes-says-louisville-is-no-1-in-the-nation-for.htmlAs a commercial agent, I've witnessed the increased industrial and manufacturing activity and I believe it bodes well for the Louisville economy as a whole.

Can we share what mistakes we've made personally or have witnessed first hand in the realestate business.

To wit, unless certain very rare criteria are met, FHA will not allow you to "count" departing residence rental income, so your day-job income and the income from the new property would have to entirely support the new property AND the old property.

We are trying to evict on the disturbing other tenants clause, but the seller came in and was a character witness for them.

Very detailed description as to how things can work out when things go rightHowever, as a former soldier and one that has flipped scores of properties in Ft Hood, I have witness the struggle of soldiers when their rental properties have gone sideways.