If you made money on your first deal, that's a bonus... but the most important aspect is acquired knowledge.

Most municipalities enroll their employees in a traditional, defined-benefits program as opposed to a defined-contribution plan like a 401(k).

Definately check out any and all the forums, books, podcasts and tools here on Bigger Pockets.

The way it is different is there is a lender who is lending money to my business and there is a promissory note being created to define the loan parameters to my business.

@Kole Kingslien  Guidelines for land contract:- Payoff of Installment Land Contract Requirements When the proceeds of a mortgage loan are used to pay off the outstanding balance on aninstallment land contract (also known as contract or bond for deed) that was executed within the12 months preceding the date of the loan application, Fannie Mae will consider the mortgageloan to be a purchase money mortgage loan.The LTV ratio for the mortgage loan must be determined by dividing the new loan amount by thelesser of the total acquisition cost (defined as the purchase price indicated in the land contract,plus any costs the purchaser incurs for rehabilitation, renovation, or energy conservationimprovements) or the appraised value of the property at the time the new mortgage loan isclosed.

Currently the team I work with works with investors of all levels and at all aspects of the so feel free to PM me with any questions.I am curious to know if others find beneficial to get themselves involved in the communities they plan on investing in?

That will and should have a significant role in your planning.Also, like @Gino Barbaro mentioned, you need to define your funding strategy.

Make sure you talk to a CPA and Attorney regarding all of the tax and legal aspects, someone who knows the state you live and will be doing business in.  

Here is the the IRS audit guide which explains the different methods - what I am calling a "mini" cost seg study is defined here as the "residual estimation approach": https://www.irs.gov/businesses/cost-segregation-au...

The lease terms must be over 30 years but less than 99.A master lease has some of these aspects, but does not have the advantages of NNN leases where you can get a mortgage on it as it's treated as real estate.I know an investor who does these deals in NY who targets owners owning properties for a long time, don't want to sell due to capital gains, too old to manage the properties.