I believe the play is to either improve the existing building and raise rents or the zoning allows for apartment buildings and the lot is considerably big, so maybe build new.

Before you jump 2 feet into the Real Estate Investing world, I challenge you to find a balance of continuing your drive toward real estate while improving your position at your current role.

We feel like this gives us a pretty good background to start, but by no means do we think we know everything we need to yet.The area around UCF has improved quite a bit in the last 10 years and home prices have risen considerably, but it seems like there are still some promising areas to find deals.

I'm doing some improvements before listing on Airbnb, including installing a small half bath in the attic bedroom.

The only ways the typical investor (defined as a middle-aged adult with 4-5 properties, generating around 60-75k annually) will generate similar yields in the current state is (1) taking advantage of senior debt (assumable debt/seller financing), in this you are improving bottom line NOI via the spread between active and par interest rates. (2) Value-add or flips (Higher risk and not typical) (3) Investing in developing areas that will see high amounts of rent growth over the coming decade due to population changes.

What would you suggest on improvements and value adds for a self-serve car wash?

This demonstrates the buyer's seriousness and commitment to proceeding with the purchase.Additional Clauses:Subject to Sale of Buyer's Property: If the buyer needs to sell their current home to finance the new purchase, include a clause making the offer contingent upon the sale and closing of their property.Specific Repairs or Improvements: If the buyer has identified specific repairs or improvements they want completed by the seller, include details about these requirements as conditions of the offer.Review by Legal Counsel: Consider having the "Subject To" offer reviewed by a real estate attorney to ensure all contingencies are clearly defined and protect the buyer's interests.Final StepsNegotiation: Once the offer is submitted, be prepared for negotiation with the seller.

When the housing market improves, the median home values increase. 

There is a legal doctrine known as "adverse possession" by which trespassers who openly inhabit and improve a piece of property that is otherwise abandoned may gain title to that property after some specific conditions are met.

It was something like a 1 page JV agreement that he could have written on a napkin, and definitely not reviewed by an attorney.Maybe it's improved since then.