Our 6 bed, 4.5 bath house appraised in our area for around 200k. 3 stall garage, large workshop and 3+ acres in middle Georgia.

Hello, I am going to close on some land currently with two house and a workshop on it, near Augusta, GA.

After the free event, Keyspire sold me a 3 days workshop for 999$.

Says it's 3b2b, but it's actually 4b2b + 400sqft (permitted JDU) + 400sqft (permitted ADU/workshop)listed at $1.05Mprobably downpay 20-25% = $250kremodel main house, mostly cosmetics, convert the 4th bedroom into larger master/master bath, maybe raise the ceiling, expand the ADU = $250k so in 6-8mth, i can either do cash-out-refi or HELOC and the larger ADU can rent out for $2,500/mththoughts?

Thank you @Mike Dymski and @Harrison Liu,Harrison I am just a basic LUI member and went through their 2 day workshop with Del Walmsley in Houston.  

Hopefully an acre or so, workshop, and few or limited neighbors.

Take inspired action and network with local real estates investors in this forum and local MeetUp groups such as SREII, RE Wholesaler Workshop, PacificNWRealEstate and more . . .

They will also cover the "fair housing" rules and the situations in which you could get in trouble for different types of discrimination regarding potential tenants and who and who doesn't qualify etc.One of those workshops that last a couple hours, is informative if you are new to the area, and also looks good in case a situation comes up that needs to be resolved etc.I am no real estate pro but that is my thoughts regarding the area.

They require the tenant go through a finance workshop and require an approved lease with section 8.

Step one is getting out there and finding a deal, step two is closing a deal and seeing how this game ACTUALLY WORKS (you can go to work-shops and listen to podcasts, but you don't really get to know much until you're involved in real deals), step 3 is to have the knowledge and experience to be doing deals on your own, step four is building the capital and steady income stream, step 5 or 6 is actually buying rental properties (these steps are totally made up on the fly, but they make a little sense).