You need to minimize upfront expenses because 100% of your investment is at risk and lost if the lot is not buildable.My favorite strategy is to locate the property and tie it up for usually no more than $100 for a period of 8-12 months, analyze it myself and if I believe it to have a chance at being buildable I create a permitting plan and market the property to other investors/builders willing to take on the permitting risk.  

You could read 100 books and still need to learn more because certain things must be learned through trial and error.

You could read 100 books and still need to learn more because certain things must be learned through trial and error.

Once you've identified what's important and what ratios to look for to evaluate a property, all future deals should be weighted against those "good" ratios/numbers - and periodically adjust to suit your goals.

My best contractors over thirty years of flipping were always people I met through networking or other investors or trial and error, never online.

My understanding is in Jersey, the owner has a set period of time where they can force the property to go to auction.

Original, decorated with period antiques and rugs, an old grandfather clock, a river otter taxidermy, and a 80-year-old map of the Great Smoky Mountains above the fireplace. 

During period of low interest every post on BP was about cash flow - now that cash flow upon acquisition is dead the only option is equity which is also reeling because price appreciation is finally back to realitypersonally I buy for growth because I buy to hold for 10-20 years or longer.

The Tenant agrees to maintain an active renters insurance policy for the duration of the lease term and any renewal periods.

Sorry, what I meant is if she lives in the house for 10-20 years with you paying for everything, you are paying for her housing for that period of time.