At one point during the past boom I had some experience in entitlement and tiny lots in giant cookie cutter subdivisions sold for $35K in bulk to builders.

Originally posted by @Dick Rosen:Correction: I did not know painters could get a license In Arizona, there is a legal exemption A.R.S. § 32-1121(A)(14) (Handyman Exemption) for work under $1,000 (labor & materials).

I don't know exactly what is in store for the Zillow giant but if they keep making great decisions like this, it has to be all good and very little, if any, bad.

Hello Richard, welcome - I am also new to the site and starting out in my early 30's - remember 30 is the new 20 so we're right on schedule - my advice would be to start with rentals - with the economy and market status right now, not too many buyers are going to be drooling for the flips - you' ve gotta remember, with all of the foreclosures happening there is a new giant pool of renters out there, and they need a place to live - good luck to you!

@Dick RosenThanks for your response!

@Dick Rosen I appreciate your willingness to help but although I live in Phoenix, I'm actually looking to invest out of state.

But I decided to finally take the giant leap forward to make this my full time profession.

This whole site is like a giant mentor, willing to help out anytime for free.

.------------- @Joel OwensIs it normal for that kind of discrepancy in cap rates in a city (It isn't a giant city)?

Originally posted by Dick M.