By this, we mean having a clear vision of what you intend to do with the property.

Coming up with a vision to save a building in a historic district and helping to fund the studies that showed what remediation was needed.

Even if we outsource all the work, you still need to have the vision and manage the mangers. 

@Michael Henry, I like your plan and vision.  

Hi @Pierre Daigle, one of my mentors is fond of saying “With clarity of vision, strategy and tactics become evident “.

If you have a clear vision of what you want your business to look like, you can shape your strategies accordingly.

-My vision for this lot, which any common sense person would think is a narrow crappy lot, is the following (we'll see how it pans out in a few months): modern home, geared towards a younger urban buyer, three stories high with a master suite that offers downtown views on the 3rd floor, 3 full bedrooms and 3.5 bathrooms (so three full suites which adds value for a single professional that may lease out 2 extra bedrooms), striking interior finishes vs vanilla.

However, equally important is getting rid of the tunnel vision of getting retired as quickly as possible. 

I ran the Tunnel Vision marathon out in Seattle and the Marine Corps Marathon this fall, with many halfs here in Pittsburgh. 

Even if you need to make minor adjustments, or face unforeseen challenges, keep that vision in your mind.Giving Up Too SoonDon’t be surprised if your first couple of investment deals don’t pan out.