Quote from @Michael Nguyen: My friend and I are starting our real estate journey together as partners.

Hey Joe,Thanks for sharing your journey!

Hope this helps, and best of luck on your journey Priya!

If you're just starting on this journey I might also recommend two more things to you1. 

A low-cost investment in fencing or a gravel driveway could make the land attractive for outdoor storage.Recreational Use: Open the land for recreational activities like ATV riding, horseback riding, or camping.

I would focus on shorter-term activities to generate revenue (flipping, wholesaling, etc.)

For instance, if you are renting homes at $2,200 per month and decide to raise the rent by 3.99% (bringing it to $2,287.78), the likelihood of tenants moving out is generally low, especially if the market supports that price.Best of luck in your property management journey!

Every property you own is an investment so your journey has already begun.

When someone becomes motivated, they actively search for solutions to their problem.

You can also just check active listings on Craigslist or Zillow and see how much properties/units are renting for in your target area.