Like @J Scott stated I would set some very small attainable goals that build up overtime.

Crazy, considering there was already one shed on the property and ample room for more, if needed.

The upside to doing the rehab yourself is knowing that everything was properly constructed (if experienced).Also make sure you have an ample amount of reserves when handling a project like this.

@Jesse Lawrence it's 100% possible, doable and attainable to break into a market or markets you don't live in.

It's not an addiction, it is a mind set that focuses on goal attainment to future wealth independence.

I think you set an attainable goal if you have the funds and time to put into it.

I don't intend to sell for a while, if I can help it.This way I'll be familiar with all the quirks in the property, I'll have ample time to fix it up without having to worry about finding a tenant, or about making several different mortgage payments.

I recently came across Zillow's "Most Undervalued Market" list and noted Merced was number one, along with a few other valley cities making the list.A lot of investors I talk to do not have much good to say about the valley, but the two percent rule seems to be attainable there.

We also get ample time (at least we think it is in the beginning) in the initial term to finish the construction and get into lease up.

This allows developers to pay really high amounts for land and through development still make a profit that otherwise would not be attainable due to the numbers needed.Georgia had this obscure law on the books that did not allow TAD funding because it was taking potential tax revenue from the schools without their permission.When this was enforced it killed TAD's and many properties close to the belt line for development were planning on using these funds to make the projects work.