You may end up with a piece of logged out land that is worth considerably less than what you have now.

I don't want to have a piece of property that's going to cost me a fortune, because the market it so slow in my area.

I have been patiently waiting for the weather to warm up so I can finish the last piece to my flip in the metro Detroit area.

Before this business he would buy wrecked Yamaha R6 motorcycles and disassemble them in his garage, selling every single piece, part, nut and bolt that wasn't damaged, individually at swap meets and online. 

So if it's going to cause headaches, just take that little piece out.

Not to say that none of those things won't add value - a good home inspection may be worth far more than it cost - only that they are ancillary costs to the main course, which is "I will sell you this piece of property with buildings for $X". 

I think an avenue you can focus on is are partnerships of multifamily properties to help you take a piece of larger portfolio and you can leverage the knowledge and expertise of the partners in your group.

That's basically the missing piece I've been looking for (outside of that pot of gold that would make HML unnecessary, haha). 

My next piece of advice would be to get your finances ready, find a good lender, and be ready to buy.

I owned my own manufacturing business for 16 years until finally calling it quits about 6 years ago due to dwindling sales brought on by the recession, which turned out to be a blessing in that it led me to a career I thoroughly enjoy and was meant to do.I started thinking about real estate while selling a piece of commercial land I owned.