(I targeted only off-market deals, but that will certainly change now)I'm just looking for an investor-friendly brokerage to hang my license in the DC Metro (MD, VA, and DC) now.Thanks to everyone, particularly Wale, for chiming in on this post.Best of luck to anyone who decides to dive in and be an agent as well.

Also, since there is a huge gap in the industry in teaching people how to understand development and the different options we've launched an education arm to help bridge that gap so it's not just the "big guys" with deep pockets that can be a developer. 

Hi Daniel,I believe we had this conversation with you months ago on other new dev buildings in Miami with pretty deep analysis on rentals and appreciation.

At the west end on the deep water channel, Stockton Golf & Country Club and multi-million dollar homes (parts of 95206 known as Riviera Heights).

These aren't market based reserves, these are fixed income to help survive these 2-4 more deep lows you'll face in your life.

Excited to join the BiggerPockets community as a newbie eager to dive into the world of real estate investing!

Hi everyone,With talk of market fluctuations and interest rate changes, I think it's prime time for us to dive into strategic adaptations.

While I don't disagree with you, I'd probably add you should probably not go this route without a seriously experienced mentor/partner ... this really is the deep end of the REI pool, in fact it could be argued it is really more finance than REI, but you also need to know RE as well as finance to succeed.

I'm not saying that your plan can't work, I'm just pointing out that these types of extremely cheap properties usually come with TONS of unique management and sales challenges that don't occur with more run-of-the-mill properties, so you'll want to study up on those issues and have a game plan before proceeding...regardless of what you decide to do, it may be a good idea to consider how you could leverage this deal as a springboard to get you to other, higher-grade properties......the good news is that you're only $5k into this thing, so you're not in too deep...yet...Good luck out there!

Also, since there is a huge gap in the industry in teaching people how to understand development and the different options we've launched an education arm to help bridge that gap so it's not just the "big guys" with deep pockets that can be a developer.